Gold prices have experienced a new surge in prices
Gold surged to a new all-time high on Monday, October 6, 2025, climbing as much as 2.2 per cent to trade above $3,970 per ounce, as investors sought refuge amid economic uncertainties caused by the ongoing US government shutdown.
The rally marks the seventh consecutive week of gains for the precious metal, pushing its price up more than 50 per cent since the beginning of 2025.
Analysts attribute the surge to delayed US economic data releases, which have clouded the outlook for traders and policymakers alike.
Gold hits record high as US government shutdown begins
With key reports on employment and inflation postponed, traders have increasingly turned to private data sources to gauge the health of the world’s largest economy.
Gold-backed Exchange-Traded Funds (ETFs) also recorded renewed inflows last week, reflecting rising investor demand for the metal as a safe-haven assets.
Traders have continued to bet on further gains, with fresh, strong positions in the SPDR Gold Shares Exchange-Traded Fund.
Meanwhile, silver futures scheduled for December delivery showed a slight decline, trading at $48.43 per ounce.
SP/AE
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