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Gold Edges Closer to $4,000 on US Shutdown and Tech Stock Wobble
Gold hit a record high just below $4,000 an ounce as the US government shutdown, a wobble in technology stocks, and political shake-ups in Japan and France buoyed demand. Bullion rose as high as $3,999.41 an ounce, before paring some gains. December futures in New York — the most active contract — surpassed $4,000 for the first time on Tuesday. The US shutdown, now into its second week, has delayed key data, muddying the outlook for the Federal Reserve’s rate-cutting path. Investors are also monitoring signs the ebullience driven by artificial intelligence may have reached excessive levels, after a report on ... (full story)
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From msn.com | Oct 7, 2025
Gold futures rose above $4,000 per ounce for the first time on Tuesday as many investors seek a “safe haven” for to park their money as the U.S. government shutdown continues. Gold futures in New York briefly jumped above the $4,000 mark just after 9 a.m. ET, a record high. The going price for New York spot gold had previously closed at $3,960.60 per troy ...
From fxstreet.com | Oct 7, 2025
Gold (XAU/USD) continues its historic climb, notching yet another all-time high near $3,991 on Tuesday. The precious metal’s advance reflects deepening market anxiety as investors seek refuge in safe-haven assets amid the prolonged United States (US) government shutdown and mounting expectations of further interest rate cuts by the Federal Reserve (Fed). At ...
From thegoldforecast.com | Oct 7, 2025
Gold futures have achieved a historic milestone, breaching the $4,000 per troy ounce threshold for the first time. The most actively traded December Comex futures contract gained $23.50, or 0.59%, reaching $4,007.90 as of 5:39 PM ET. This landmark achievement comes merely six months after gold first crossed the $3,000 mark, underscoring the unprecedented ...
