October 4, 2025

Gold is shining bright and steady this Friday, ready to clock a seventh straight weekly gain. Why the buzz? Traders are betting that the US Federal Reserve might cut interest rates again this year. Plus, worries about the US government shutdown are adding fuel to gold's fire as a safe place to park money. Here's the sparkling fact: Spot gold prices hovered at $3,851.48 per ounce early Friday, close to Thursday’s all-time high of $3,896.49! Gold’s glow has grown 2.5% this week alone. The US gold futures for December also edged up 0.2%, landing at $3,875.50. But the government shutdown continues into its second day, which could delay important economic reports like the non-farm payrolls, expected Friday. Lorie Logan, President of the Federal Reserve Bank of Dallas, told the media, "The U.S. central bank appropriately took out some insurance against any sharp deterioration in the labour market with its rate cut last month, but needed to be 'cautious' with any further easing." That means the Fed is careful but still likely to cut rates a bit more. In fact, markets are almost sure about a 25 basis-point cut this month, according to the CME FedWatch tool. This easy money setup makes gold sparkle brighter because it costs less to hold gold when interest rates are low. Gold has already risen a whopping 47% this year! The Perth Mint shows gold sales surged 21% in September compared to August, and silver sales popped to a five-month high — showing growing love for precious metals. However, the SPDR Gold Trust, the world’s largest gold ETF, saw a small dip in holdings by 0.31%, from 1,018.89 tons to 1,015.74 tons on Thursday. While gold stands tall, other metals showed mixed movements. Spot silver slipped 0.4% to $46.79 per ounce, platinum dropped 0.3% to $1,563.86, and palladium slightly gained 0.2% to $1,243.41. With global economic reports on the horizon, including PMI data from Japan, France, Germany, the EU, the UK, and the US, investors are keeping a close eye on what’s next. Amid political uncertainty and financial twists, gold is the shining hero for investors looking for safety and steady growth.

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Tags: Gold prices, Us interest rates, Federal reserve, Government shutdown, Safe haven, Market trends,