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Gold Surges to Record on Weaker Dollar, Risk of US Shutdown
Yahoo Finance·2025-09-29 09:57

Gold climbed to a record above 3,800anounceaspreciousmetalssurged,boostedbyaweakerdollarasinvestorsweighedapotentialUSgovernmentshutdown.Bullionroseasmuchas1.63,800 an ounce as precious metals surged, boosted by a weaker dollar as investors weighed a potential US government shutdown. Bullion rose as much as 1.6% to an all-time high of 3,819.81 an ounce — eclipsing a peak reached last Tuesday — after notching six straight weekly gains. Silver increased as much as 2.4%, while platinum and palladium also rallied strongly, with advances underpinned by persistent market tightness and inflows into exchange-traded funds backed by the ...