“Don’t Fight This Rally” – Gold Hits New Highs as the US Dollar Falters

About this episode

Nicholas Frappell discusses the factors driving gold prices to new highs amidst a weakening US dollar.

In this episode, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery explains why Gold has surged to a historic US $3,759, and the momentum shows no sign of slowing. 📆 Recorded on Tuesday 23rd September 2025 , this episode explores: Why weakness in the US dollar and shifting Federal Reserve policy are fuelling the rally Key price targets—including short-term resistance around US $3,800 and medium-term potential near US $4,000 The surge in ETF inflows and investor rotation out of equities Geopolitical flashpoints and economic signals from China that could keep gold in demand 📈 Frappell also examines : Dollar Index (DXY) weakness and what past declines suggest for a possible rebound. September’s 25-bp cut and why the market’s hopes for deeper, faster easing may be misplaced. Inflation break-even rates and why the Fed’s own projections challenge the “rapid cuts” narrative. Rotation out of US equities and into gold as a hedge. Technical targets: short-term and medium-term Key support zones Escalating tensions—Russian jets, uncertain US leadership—and their impact on safe-haven demand. China’s slowing fixed-asset investment and soft consumption shaping global…

People in this episode

Guest: Nicholas Frappell

Topics covered

• gold market analysis
• US dollar weakness
• Federal Reserve policy
• geopolitical tensions
• investment strategies
• ETF inflows
• economic signals

Keywords

• gold price
• US dollar
• Federal Reserve
• ETF inflows
• geopolitical risks
• investment rotation
• economic signals

Mentioned in this episode

Organizations: ABC Refinery

Products: Gold, Dollar Index (DXY), ETF

Places: US, China, Russia

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