Gold Nears Record Highs Amid US Shutdown and Fed Rate Speculation
TL;DR Summary
Gold reached a record high above $3,800 an ounce, driven by a weaker US dollar and concerns over a potential US government shutdown, which could impact economic data and influence Federal Reserve policy. The surge is part of a broader rally in precious metals, supported by central-bank demand and market tightness, with prices on track for a third consecutive quarterly gain.
Topics:business#gold#interest-rate-cuts#markets#precious-metals#us-government-shutdown#weaker-dollar
- Gold Holds Near Record as Traders Weigh US Shutdown, Fed Rates Bloomberg.com
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- Gold racks up sixth straight weekly gain; silver surges to cap strongest week in 14 years Seeking Alpha
- Gold price prediction today: Will gold rate continue to hit new lifetime highs in the near-term? Here’s t Times of India
- Gold hits new high above $3,800/oz as softer dollar, rate-cut bets lift appeal Reuters
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