06 Oct 2025 | 3 Mins Read
Gold price reaches record high on US shutdown and yen weakness
Flipitmoney
Gold surged past $3,900 an ounce for the first time, driven by safe-haven demand and expectations of Federal Reserve rate cuts, amid a US government shutdown and yen weakness after Japan's LDP elections. Spot gold rose 0.9% to $3,922.28 per ounce, with futures gaining 1% to $3,947.30. Gold has climbed 49% this year.