Gold Near $4,000: Can Central Banks Keep It Rising?

Gold has been moving strongly this year, climbing above $3,500 and now aiming for the big $4,000 mark. The main reason behind this move is not just traders, but central banks buying large amounts of gold for the last three years. When central banks buy, that gold leaves the market for good, making supply tighter and prices stronger.

At the same time, both stock markets and gold are rising together, something not very common. The mix of Fed rate cuts, inflation worries, and global tensions is helping gold stay strong.

Key Levels to Watch

• Resistance: $3,660–$3,700. If price breaks higher, it may target $3,800–$3,900.

• Support: $3,550 is the first support. If broken, gold may fall toward $3,400.

• Upside Target: If demand continues, gold could reach $4,000 in the medium term.

What’s Driving Gold

• Central Bank Demand – the strongest support for gold right now.

• Dollar and Yields – a strong dollar can slow the rally.

• Inflation and Geopolitics – still creating safe-haven demand.

Outlook

Gold is holding firm as a safe and trusted asset. While short dips are possible, strong central bank demand makes the long-term outlook positive.

Disclaimer: This is not financial advice, only market analysis.

By
Md Golam Rabbani
Commodities | Published 09/09/2025