Gold prices increased for the sixth straight week, and are holding near a record high price of $3,773 an ounce. Investors and traders have pushed money into the precious metal as crucial US Jobs data from the Bureau of Labor Statistics may be put on hold amidst a potential government shutdown on October 1st. If the jobs, and payroll data is not released this may force the Federal Reserve into an unclear position to cut rates, or to hold as they meet in October.
Investors are also moving money to gold as Federal Reserve independence is becoming increasingly scrutinized and under fire. Barclays strategists have claimed that gold remains a good "value-hedge" to the US Dollar and Treasuries as more uncertainty is expected in the coming months.
https://www.bloomberg.com/news/articles/2025-09-29/gold-holds-near-record-as-traders-weigh-us-shutdown-fed-rates?srnd=homepage-americas
It's weird to see the prices of gold this high again after so long.I wonder what all the factors are that are making this happen.
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