Gold price today, Tuesday, September 30, 2025: Gold’s first open above $3,800 as government shutdown approaches

Core Insights - Gold futures opened at a record price of $3,863.10 per ounce, marking the first time it has opened above $3,800, reflecting a 1.1% increase from the previous close of $3,820.90 [1][4] - The recent rally in gold prices is attributed to ongoing economic uncertainty and lower interest rates, exacerbated by a lack of budget compromise in Congress and new tariffs announced by President Trump [2][3] - Gold's appeal as a safe-haven asset is heightened in the current economic climate, especially with potential delays in key economic data releases due to a government shutdown [3] Gold Price Trends - The opening price of gold on Tuesday represents a 3.1% increase from the opening price of $3,747 one week prior [4] - Over the past month, gold futures have risen by 12.5% from an opening price of $3,432.50 on August 29, 2025 [4] - Year-over-year, gold prices have surged by 45.2% from an opening price of $2,660.90 on September 30, 2024 [4] Market Sentiment and Predictions - Analysts are generally bullish on gold, with Goldman Sachs Research predicting a price of $3,700 per troy ounce by the end of 2025, which would represent a 40% increase from the January 2 opening price of $2,633 [13] - Rising demand from central banks and uncertainty surrounding U.S. tariff policies are key factors driving the increase in gold prices [13]