Gold holds five-day rally amid bets on Fed interest rate cut and US shutdown

Gold holds five-day rally amid bets on Fed interest rate cut and US shutdown

Source: EODHD - https://uk.finance.yahoo.com/news/gold-pound-oil-price-fed-interest-rate-cut-us-shutdown-103310148.html
Published: Oct 02, 2025 6:34 AM

Gold (GC=F) Gold prices steadied on Thursday, hovering around 0.1% higher after a five-day rally that saw it reach successive records. Bullion traded at $3,900 an ounce at the time of writing, about $20 below a peak set on Wednesday. The precious metal has pushed higher this week as the US government shutdown began, and as traders added to bets that the Federal Reserve will cut interest rates following weak private payrolls data. Invest in Gold Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Learn More American Hartford Gold: #1 Precious Metals Dealer in the Nation Learn More Thor Metals Group: Best Overall Gold IRA Learn More Powered by Money.com - Yahoo...

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