02/10/2025
Gold surged to a record high of around $3,895/oz, marking its sixth straight gain, as investors rushed to safe-haven assets amid the U.S. government shutdown and rising bets on Federal Reserve rate cuts. The shutdown threatens to delay key economic data, while weaker private-sector job numbers fueled expectations of two rate cuts by year-end. Adding to the focus, markets now await tomorrow’s U.S. Non-Farm Payrolls (forecast: 50K, prior: 22K) and Unemployment Rate (forecast: 4.3%), which could heavily influence Fed policy and gold’s momentum. With central banks buying more, ETF inflows, and geopolitical risks, gold has already risen nearly 50% in 2025, on track for its best annual performance since 1979.Gold surged to a record high of around $3,895/oz, marking its sixth straight gain, as investors rushed to safe-haven assets amid the U.S. government shutdown and rising bets on Federal Reserve rate cuts. The shutdown threatens to delay key economic data, while weaker private-sector job numbers fueled expectations of two rate cuts by year-end. Adding to the focus, markets now await tomorrow’s U.S. Non-Farm Payrolls (forecast: 50K, prior: 22K) and Unemployment Rate (forecast: 4.3%), which could heavily influence Fed policy and gold’s momentum. With central banks buying more, ETF inflows, and geopolitical risks, gold has already risen nearly 50% in 2025, on track for its best annual performance since 1979.
