Gold prices surpass $4,000 per ounce as US shutdown looms
Gold prices shot past $4,000 per ounce on Thursday (November 6), as worries over the US government shutdown raised concerns about the economic outlook.
Spot gold hit $4,007.38, and futures climbed even higher.
With the dollar slipping by 0.3%, gold became more appealing for buyers outside the US.
Silver up by 1.3%
Because of the shutdown, investors are turning to private data instead of official reports.
Even though the Federal Reserve recently cut interest rates, Chair Jerome Powell hinted that might be it for 2025.
UBS analyst Giovanni Staunovo noted that Supreme Court skepticism on the tariffs and a weaker dollar are pushing gold up.
Silver also jumped 1.3%, while platinum stayed flat and palladium dipped slightly—all signs of how shaky things feel right now.