Gold price today, Monday, September 29: Gold eclipses $3,800 as government shutdown looms

Core Insights - Gold futures opened at $3,788.80 per ounce, reflecting a 0.4% increase from the previous close of $3,775.30, with early trading pushing prices above $3,800 [1] - The price of gold has shown significant growth, with a 2.7% increase from the opening price of $3,688.20 on September 22, and a 10.4% increase from $3,432.50 on August 29, 2025, indicating strong upward momentum [4] Market Context - Gold rose above $3,700 on September 22, coinciding with record highs for the S&P 500 and Nasdaq Composite, but has faced slight retreats as Wall Street grapples with interest rate predictions amid potential government shutdowns [2] - A government shutdown could enhance gold's value due to increased demand during economic uncertainty [3] Historical Performance - Over the past year, gold prices have surged by 41.9% from an opening price of $2,670 on September 27, 2024, showcasing its strong performance in the market [4] - Goldman Sachs Research has projected that gold could reach $3,700 per troy ounce by the end of 2025, representing a 40% increase from its January 2 opening price of $2,633, driven by rising demand from central banks and tariff policy uncertainties [12] Investment Strategy - Investing in gold is recommended as a stabilizer in a balanced portfolio, particularly during economic downturns, as it helps limit unrealized losses in equities and protects against inflation [6][8] - Gold is viewed as an insurance policy against economic calamities, with experts suggesting that a small allocation to gold can serve as a hedge [7][9]