September 29, 2025
Article from Bloomberg by Sybilla Gross
Article Synopsis
Gold surged to a record $3,833 an ounce as a weaker dollar, persistent market tightness, and strong ETF inflows boosted precious metals. Investors weighed the risk of a U.S. government shutdown and potential Fed rate cuts, both supportive for non-yielding assets like gold and silver. Silver hit its highest level since 2011, while platinum and palladium also rallied amid tight supplies and tariff concerns.