Gold surged past $3,900 per ounce for the first time on Monday (October 6th). This surge occurred as investors sought a safe haven amid the weakening Japanese yen and the US government shutdown. The uncertain situation has made gold once again sought as a hedge, especially as the market is increasingly confident that the Fed will cut interest rates in the near future.
Early in the session, gold even hit a new record at $3,944.63 per ounce before gradually stabilizing. As of 06:31 GMT, the spot price was still up around 1% at $3,925.91 per ounce. In the derivatives market, US gold futures for December delivery also rose 1.1% to $3,951.60, indicating that buying sentiment remains dominant.
The combination of macroeconomic risks and expectations of monetary policy easing have made the opportunity cost of holding gold feel lower. As long as concerns about the US economy and exchange rate volatility persist, interest in gold has the potential to persist. However, market participants should remain wary of a rapid correction if sentiment improves or the Fed signals a change in direction.
At the time of writing, the gold price is at $3,932.
Disclaimer:
This article is analytical in nature and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
Gold prices (December 24th) in the European session were stable at $4,491 ahead of Christmas Day tomorrow, with the market closing early tonight. Gold prices surged past $4,500 per ounce for the first...
Silver prices reached $72.63 per ounce on December 24, 2025, setting a new record driven by strong global demand and rising geopolitical tensions. This increase in silver prices was driven by factors ...
Brent oil prices rose today, reaching $61.58 per barrel, driven by several fundamental factors influencing the market. One of these is rising geopolitical tensions, particularly related to the threat ...
Gold Prices Soar Gold prices hit a record high on Tuesday, surpassing $4,480 an ounce for the first time, after posting a 2.4% gain in the previous session, their biggest surge in more than a month. T...
The price of silver (XAG/USD) continues to demonstrate strong bullish control and remains within a high range, even breaking a new record high above $69.00. This increase is supported by strong buying...
Japanese stocks rose on Friday, though market movements were thin as many foreign investors were absent for holidays. The Topix index rose 0.1% to 3,423.06, while the Nikkei index rose 0.7% to 50,750.39. The gains were driven by technology and...
As I conclude 2025 from Beijing, I don't claim to have the ability to predict the future. Predictions often fall short when judged by accuracy. However, years as a journalist have taught me something even more valuable: knowing what truly important...
As we approach December 26, 2025, the US dollar's movement presents an interesting yet questionable situation. Globally, the dollar remains under pressure after experiencing significant weakness throughout the year. The dollar index (DXY) is...
Bank of Japan (BOJ) Governor Kazuo Ueda stated that achieving 2% inflation is getting closer, although real inflation remains low. Ueda emphasized...
The US economy expanded in the third quarter at the fastest pace in two years, bolstered by resilient consumer and business spending and calmer...
US President Donald Trump used a series of social media posts to outline his views on inflation, interest rates, and Federal Reserve (FED)...
European markets closed higher on Tuesday, paring the previous session's losses.
The pan-European Stoxx 600 closed up 0.3%, notching a new record...