06 Oct 2025 | 3 Mins Read
Gold prices surge towards $4,000 amid US government shutdown
Flipitmoney
Gold rose to $3,920.63 an ounce, edging closer to the $4,000 mark, as the US Federal government shutdown and economic uncertainty drove up prices by almost 50% this year. Rates traders still anticipate a quarter-point rate cut, benefiting gold, while the Fed faces challenges in making monetary policy decisions due to the shutdown.