<\/p>\n\n\n\n
Gold prices soared past the $4,000-per-ounce mark for the first time<\/strong> in Asian trading on Wednesday, as investors flocked to safe-haven assets amid intensifying political instability in France and Japan<\/strong> and persistent economic uncertainty in the United States<\/strong>.<\/p>\n\n\n\n Spot gold advanced 0.6% to a record $4,010.84\/oz<\/strong>, while December gold futures<\/strong> rose 0.7% to $4,033.27\/oz<\/strong>, extending Tuesday\u2019s rally that first pushed the metal beyond the symbolic threshold.<\/p>\n\n\n\n Gold\u2019s historic rise came as global political tensions<\/strong> mounted. France remained gripped by a leadership crisis<\/strong> following the shock resignation of Prime Minister Sebastien Lecornu<\/strong>, while in Japan, the election of Sanae Takaichi<\/strong> \u2014 a fiscal dove known for opposing interest rate hikes \u2014 stirred concerns over rising public debt<\/strong> and yen volatility<\/strong>.<\/p>\n\n\n\n In the U.S., the federal government shutdown<\/strong> entered its second week<\/strong>, paralyzing data releases and dampening investor confidence. Despite previous shutdowns having limited economic impact, White House officials<\/strong> warned that this episode could prove more damaging due to deeper funding disputes and political divisions.<\/p>\n\n\n\n The Federal Reserve\u2019s<\/strong> September meeting minutes, due later Wednesday, are expected to offer insight into policymakers\u2019 rationale behind the recent 25-bps rate cut<\/strong>. Traders now price in an almost 100% probability<\/strong> of another reduction in October, according to CME FedWatch<\/strong>.<\/p>\n\n\n\n The delay of key U.S. economic reports due to the shutdown has magnified the importance of Fed communication, with Chair Jerome Powell<\/strong> scheduled to speak Thursday. Private labor data has already indicated slowing jobs growth, bolstering the case for policy easing.<\/p>\n\n\n\n The surge in gold lifted other precious metals, with platinum up 2.1% to $1,661.36\/oz<\/strong> and silver up 1.4% to $48.50\/oz<\/strong>, both hitting decade highs.<\/p>\n\n\n\n Industrial metals were more subdued. LME copper futures<\/strong> slipped 0.2% to $10,713.45 a ton<\/strong>, and COMEX copper<\/strong> fell 0.1% to $5.09 a pound<\/strong>, weighed down by weak manufacturing data and a prolonged production outage at Indonesia\u2019s Grasberg mine<\/strong>.<\/p>\n\n\n\n Analysts expect gold to remain well-supported as global markets contend with political instability, fiscal uncertainty, and diverging monetary paths<\/strong>. Unless macro conditions stabilize, the metal\u2019s momentum could extend, with traders eyeing the $4,100 level<\/strong> as the next technical target.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices soared past the $4,000-per-ounce mark for the first time in Asian trading on Wednesday, as investors flocked to safe-haven assets amid intensifying political instability in France and Japan and persistent economic uncertainty in the United States. Spot gold advanced 0.6% to a record $4,010.84\/oz, while December gold futures rose 0.7% to $4,033.27\/oz, extending …<\/p>\n","protected":false},"author":9,"featured_media":110167,"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":[38,37,36],"tags":[],"class_list":["post-119681","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119681","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=119681"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119681\/revisions"}],"predecessor-version":[{"id":119682,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119681\/revisions\/119682"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/110167"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Political and Economic Tensions Fuel the Rally<\/h3>\n\n\n\n
Fed Cut Expectations Strengthen<\/h3>\n\n\n\n
Broader Metals Mixed as Copper Retreats<\/h3>\n\n\n\n
Outlook<\/h3>\n\n\n\n