9.29.25 - Gold Surges to Another Record

9.29.25 - Gold Surges to Another Record

Gold last traded at $3,775 an ounce. Silver at $46.29 an ounce.

  Gold Surges to Record on Weaker Dollar, Risk of US Shutdown -Yahoo! Finance

(Bloomberg) -- Gold climbed to a record above $3,800 an ounce as precious metals surged, boosted by a weaker dollar as investors weighed a potential US government shutdown.

Bullion rose as much as 2% to an all-time high of $3,833.59 an ounce - eclipsing a peak reached last Tuesday - after notching six straight weekly gains. Silver increased as much as 2.4%, while platinum and palladium also rallied strongly, with advances underpinned by persistent market tightness and inflows into exchange-traded funds backed by the metals.

The dollar fell as investors awaited developments ahead of a planned meeting between top US congressional leaders and President Donald Trump later Monday - a day before federal funding runs out without an agreement on a short-term spending bill. A shutdown would threaten the release of key data including Friday's payrolls report, which economists expect to show subdued jobs growth in September. A weaker greenback makes precious metals cheaper for most buyers.

Weaker employment figures would bolster the case for interest-rate easing by Fed officials at their next decision in October - a scenario that would make non-interest bearing precious metals more attractive. Still, there's a high degree of uncertainty over the outlook for the Fed's cutting cycle, with officials voicing diverging views on monetary policy, while some economic data came in stronger than expected.