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Gold pushes past $3,900/oz on U.S. rate cut bets, political uncertainty
Gold futures surged again Monday, pushing ever closer to the psychologically important $4,000/oz threshold just seven months after first trading above the $3,000 mark, as expectations for lower interest rates in the U.S. as well as political uncertainty in the U.S. and Europe drove safe-haven demand higher. Gold's rally comes as the U.S. federal government shutdown stretches into its second week, delaying the release of key economic data including September’s jobs report, while the resignation of French Prime Minister Sebastien Lecornu took financial markets by surprise. Meanwhile, investors are pricing in two more ... (full story)
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From msn.com | Oct 6, 2025
Investor optimism for additional interest-rate cuts powered both gold and U.S. stocks to fresh records on Monday. Gold futures surged 1.7% to $3,948.50 a troy ounce, nearing the psychologically important $4,000 threshold, after first trading above the $3,000 mark in March. The value of the precious metal has ballooned by 50% this year. The bullion’s ...
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Gold price (XAU/USD) extends its rally to around $3,970 during the early Asian session on Tuesday. The precious metal edges higher on political uncertainty across the globe and the expectation of a US interest rate cut. Gold prices broke the $3,000 psychological level for the first time in March and $3,900 on Monday. Economic and political uncertainty in ...
From fxstreet.com | Oct 6, 2025
Gold (XAU/USD) extends its historic run beyond $3,900 on Monday, notching one record high after another as the prolonged United States (US) government shutdown, dovish Federal Reserve (Fed) bets, and renewed political jitters in Europe keep safe-haven demand elevated. At the time of writing, XAU/USD is trading near $3,957 during the American session. The ...
