Story perspectives
Gold Surges to $3,859 Amid Rate Cut Hopes
10/6/2025
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Story summary
- Gold rose to $3,859.09 per ounce, closing on October 3, up 2.5% for the week.
- The gain is driven by expectations of U.S. rate cuts amid the government shutdown.
- Analysts forecast gold above $4,000 per ounce by early 2026, with inflows into gold-backed ETFs.
- Central banks have aggressively purchased gold, while a weaker dollar supports prices, though corrections are possible.
