{"id":119316,"date":"2025-09-29T10:33:53","date_gmt":"2025-09-29T06:33:53","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=119316"},"modified":"2025-09-29T10:33:55","modified_gmt":"2025-09-29T06:33:55","slug":"gold-soars-to-fresh-record-as-haven-demand-climbs-on-shutdown-risks","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-soars-to-fresh-record-as-haven-demand-climbs-on-shutdown-risks\/09\/29\/market-updates\/","title":{"rendered":"Gold Soars to Fresh Record as Haven Demand Climbs on Shutdown Risks"},"content":{"rendered":"\n

<\/h3>\n\n\n\n

Gold prices hit all-time highs in Asian trading on Monday<\/strong>, with investors flocking to the safe-haven asset amid mounting concerns over a possible U.S. government shutdown<\/strong> and continued bets on Federal Reserve rate cuts<\/strong>.<\/p>\n\n\n\n

Spot gold surged to $3,812.00 an ounce<\/strong>, while December futures touched $3,839.05\/oz<\/strong>, extending a rally supported by both geopolitical and policy-driven uncertainty.<\/p>\n\n\n\n

\n\n\n\n

Haven Demand Strengthens as Shutdown Looms<\/h4>\n\n\n\n

Investor anxiety grew as U.S. lawmakers faced a September 30 deadline<\/strong> to avoid a government shutdown. With funding set to expire<\/strong>, bipartisan talks remain deadlocked:<\/p>\n\n\n\n

    \n
  • Republicans are pushing for a short-term stopgap bill until November<\/strong>.<\/li>\n\n\n\n
  • Democrats demand a reversal of cuts to healthcare and Medicaid before approving further measures.<\/li>\n\n\n\n
  • President Donald Trump is scheduled to mediate talks on Monday<\/strong> with Congressional leaders from both parties.<\/li>\n<\/ul>\n\n\n\n

    A prolonged shutdown could delay key economic data releases, including nonfarm payrolls<\/strong>, while also threatening to disrupt U.S. economic activity. The last major shutdown (2018\u20132019)<\/strong> cost the economy an estimated $11 billion in GDP<\/strong>, according to the Congressional Budget Office.<\/p>\n\n\n\n

    \n\n\n\n

    Silver and Platinum Surge to Decade-Highs<\/h4>\n\n\n\n

    While gold set fresh records, silver and platinum outpaced bullion<\/strong>, marking their strongest levels in more than a decade:<\/p>\n\n\n\n

      \n
    • Spot silver<\/strong> jumped over 2% to $47.18\/oz<\/strong>, its highest in 14 years.<\/li>\n\n\n\n
    • Spot platinum<\/strong> climbed 3.2% to $1,626.06\/oz<\/strong>, the strongest since 2012.<\/li>\n<\/ul>\n\n\n\n

      The moves highlight broader investor appetite for precious metals as hedges against policy and economic uncertainty.<\/p>\n\n\n\n

      \n\n\n\n

      Fed Rate Cut Bets Add Support<\/h4>\n\n\n\n

      Beyond haven flows, the metals complex benefited from expectations of further monetary easing<\/strong>:<\/p>\n\n\n\n

        \n
      • Friday\u2019s PCE price index data<\/strong> (the Fed\u2019s preferred inflation gauge) came in line with forecasts.<\/li>\n\n\n\n
      • Despite core PCE inflation<\/strong> remaining well above the 2% target<\/strong>, markets are pricing a 91.9% chance of a 25 bps cut in October<\/strong> and a 64.2% chance of another in December<\/strong> (CME FedWatch).<\/li>\n<\/ul>\n\n\n\n

        Lower rates reduce the opportunity cost of holding non-yielding assets such as gold, making bullion more attractive.<\/p>\n\n\n\n

        \n\n\n\n

        Industrial Metals Track Gains<\/h4>\n\n\n\n

        Industrial metals also joined the rally:<\/p>\n\n\n\n

          \n
        • LME copper futures<\/strong> rose 0.6% to $10,276.45\/ton<\/strong>.<\/li>\n\n\n\n
        • COMEX copper futures<\/strong> gained 1.3% to $4.81\/pound<\/strong>.<\/li>\n<\/ul>\n\n\n\n

          The gains came despite ongoing trade concerns and potential disruption from new tariffs announced by the Trump administration.<\/p>\n","protected":false},"excerpt":{"rendered":"

          Gold prices hit all-time highs in Asian trading on Monday, with investors flocking to the safe-haven asset amid mounting concerns over a possible U.S. government shutdown and continued bets on Federal Reserve rate cuts. Spot gold surged to $3,812.00 an ounce, while December futures touched $3,839.05\/oz, extending a rally supported by both geopolitical and policy-driven …<\/p>\n","protected":false},"author":9,"featured_media":105524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-119316","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=119316"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119316\/revisions"}],"predecessor-version":[{"id":119317,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119316\/revisions\/119317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105524"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}