Gold Prices Jump To 3-Week High On US Shutdown Fears, Fed Rate Cut Bets | Firstpost Live | N18G
Gold Prices Jump To 3-Week High On US Shutdown Fears, Fed Rate Cut Bets | Firstpost Live | N18GGold prices have surged to their highest level in three weeks, climbing above $4,100 an ounce as investors flock to safe havens amid mounting uncertainty. The record-long U.S. government shutdown, delayed economic data, and weak consumer confidence have rattled markets, while speculation over another Federal Reserve rate cut adds fuel to the rally. Despite a strong dollar, gold’s appeal remains robust—driven by economic anxiety, central bank buying, and increased inflows into gold-backed ETFs. With global growth fears and policy uncertainty deepening, analysts say gold’s shine may continue, offering investors a stable refuge in a world clouded by financial and political turbulence.
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