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GOLD HITS RECORD $3971 AS SAFE-HAVEN DEMAND SURGES

Published on Oct 06, 2025 14:07

Gold prices surged past $3971 per ounce on Monday, hitting a fresh record high as investors sought safety amid the ongoing US government shutdown. The Senate�s failure to advance federal funding plans has delayed key economic releases, including September�s non-farm payrolls, fueling expectations of an imminent Fed rate cut. The dollar index climbed above 98, recovering last week�s losses as markets weighed the shutdown�s economic impact. Traders await comments from Fed officials, including Stephen Miran and Chair Jerome Powell, for fresh signals on monetary policy. Silver also rallied, climbing above $48.5 per ounce�the highest since April 2011�supported by safe-haven demand and tightening supply, with the Silver Institute forecasting a global market deficit for a fifth consecutive year in 2025. Gold and silver have surged nearly 50% and 40% respectively this year, driven by economic uncertainty, central bank buying, and strong ETF inflows. MCX December bullion futures surged to fresh highs of Rs 120075 per 10 grams, up 1.5%.

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