03 Oct 2025 | 5 Mins Read
Gold poised for seventh weekly rise amid US rate hike uncertainty
Flipitmoney
Gold hovered near $3,860 an ounce, on track for a seventh weekly advance and a record-breaking gain, as US investors rely on private data due to the government shutdown. The metal has soared 45% this year, driven by central bank buying and interest rate cuts, with traders expecting the Fed to lower borrowing costs further, benefiting non-yielding precious metals.