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Gold Peaks Over $3,900/oz as Investors Grapple With Shutdown — Market Talk

Provided by Dow Jones Oct 3, 2025, 3:21:00 PM

Gold futures have peaked over the $3,900 per troy ounce mark again this week, with the most-active contract up 0.9% to roughly $3,902/oz. China is in the midst of their Golden Week period for its National Day holiday, which typically slows down the demand for physical gold on a global scale. But the U.S. government shutdown has injected fresh demand for precious metals as a safety hedge, says Ole Hansen of Saxo Bank. "The usual risk of a pullback during China's Golden Week, when physical demand tends to ease, has not yet emerged," says Hansen in a note. Silver is also up, rising 3% to $47.77/oz and climbing towards the all-time record from 1980. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

October 03, 2025 11:21 ET (15:21 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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