Gold Has Surged to Record Highs Above $4,000—Watch Out for These Critical Price Levels
Investopedia·2025-10-09 12:15
Recent buying of the precious metal has been fueled by investor anxiety about the ongoing U.S. government shutdown, economic uncertainty, and expectations that the Federal Reserve will cut interest rates this month. Spot gold prices, which were little changed at around $4,035 per ounce in recent trading, have surged 54% since the start of the year, with broader gains supported by central bank buying, a loss of confidence in the U.S. dollar and a range of geopolitical issues. Key Takeaways Gold (XAUUSD) has ...