01 Oct 2025 | 3 Mins Read
Gold nears record on US shutdown, Fed rate fears
Flipitmoney
Gold prices rose 0.2% to $3,861.22 per ounce amidst a U.S.-government shutdown risk and weak U.S. labor data, reinforcing expectations of further Federal Reserve rate cuts. Spot bullion logged a 12% rise in September, its sharpest monthly rise since August 2011. U.S. gold futures also gained 0.4%, to $3,888.80.