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Sep 30, 2025
Gold Hits Record High as Dollar Weakens
U.S. shutdown fears weigh on the greenback
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Global markets on Tuesday, September 30, 2025, witnessed sharp movements as gold climbed to a record high above $3,860 per ounce, supported by growing safe-haven demand and expectations of U.S. interest rate cuts. |
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Meanwhile, the U.S. dollar came under pressure amid increasing fears of a potential government shutdown, which could delay key economic releases such as the Nonfarm Payrolls report, weakening investor confidence.
This dynamic highlights the contrast between gold’s strength and the dollar’s weakness, as traders closely watch the Federal Reserve’s policy direction alongside political developments in Washington.
- Sources:
Reuters – Gold hits record high
Reuters – Dollar soft on shutdown fears