Gold Hits Record High as Political Crisis Boosts Demand
The ongoing political crisis and US government shutdown have fuelled expectations for a Federal Reserve interest rate cut, with a 96% chance in October. Meanwhile, investors have turned to safe havens like gold, driving the gold price today to record highs.
Gold and silver have experienced unprecedented price gains in the third quarter, with gold reaching an all-time high of $3,875.53 per ounce today. Market turmoil, triggered by the US government shutdown, has pushed investors towards the precious metal. Looking ahead, gold price forecasts suggest a continued upward trajectory, with predictions reaching up to $4,524 by the end of 2025. This represents a significant 71% increase from the start of the year.
The political climate and market uncertainty have driven the gold price today to new heights, with investors seeking refuge in the precious metal. Despite the recent record-breaking gains, analysts predict further growth in gold prices over the next few years.
Read also:
- Orioles' 2025 Turnaround Powered by Late-Season Pitching Acquisitions
- The Cost of Speech is Zero, True Strength Lies in Unity
- Beginning a Food Truck Venture: Crucial Stages to Achieve Profitability
- Aiming to simplify the move towards cleaner automobiles, the newly established ministry plans to take direct action with Pannier-Runacher, Létard, and Vautrin at the helm.
