On September 12 local time, international precious metals futures generally closed higher. COMEX gold futures rose 0.19% to $3,680.70 per ounce, with a weekly cumulative increase of 0.75%. COMEX silver futures rose 1.26% to $42.68 per ounce, with a weekly cumulative increase of 2.71%.

Market expectations for the Federal Reserve to cut interest rates continued to heat up, with several institutions raising their forecasts for the number of rate cuts. Deutsche Bank increased its forecast for the number of Fed rate cuts for the remainder of 2025 from two to three, expecting the Fed to cut rates by 25 basis points each in September, October, and December. Morgan Stanley also expects the Fed to cut rates by 25 basis points at each of three meetings and may continue to cut rates in 2026. These adjustments are primarily based on data showing a weak labor market and declining inflationary pressures, indicating that the Fed may accelerate its easing pace to address the economic slowdown.

International oil prices edged higher, with the main U.S. crude oil contract closing up 0.37% at $62.60 per barrel, up 1.18% for the week. The main Brent crude contract rose 0.77% to $66.88 per barrel, up 2.11% for the week.