September 30, 2025|
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|2 months agoGold Price Hits Record $3,870 Amid US Shutdown Fears
Swiss markets react as precious metal reaches unprecedented levels, driven by global economic uncertainty
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Generated IllustrationKey Takeaways
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- Gold prices reached a record high of $3,870 per ounce on Tuesday, September 30, 2025.
- The price increase is driven by fears of a US government shutdown and expectations of Federal Reserve rate cuts.
- Silver prices are approaching $50 per ounce, a level not seen since 2011.
- The US faces a government shutdown if no budget is adopted by Tuesday.
- Swiss gold refiners recently rejected proposals to relocate tariff operations to the US.
By The Numbers
$3,870
Price per ounce of gold
0.9%
Daily increase
14 years
Timeframe
$50
Price per ounce of silver
They Said
"Investors rush to safe havens amid growing concerns over the threat of a US government shutdown and expectations of a further rate cut by the Federal Reserve."
"Remember that this is the indicator that Jerome Powell (the Fed boss) considers to be decisive for the immediate path of US interest rates."
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Gold Shatters Records at $3,870
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Swiss Analysts: The Ultimate Safe Haven
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Silver Joins the Historic Rally
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