Washington D.C : Gold prices soared past the historic $4,000-per-ounce mark on Tuesday, driven by mounting global economic uncertainty, expectations of imminent U.S. Federal Reserve rate cuts, and strong safe-haven demand. Spot gold climbed to around $4,011 an ounce, marking a new all-time high and extending its record-setting rally from earlier in the week.
Analysts attribute the surge to investor concerns over the prolonged U.S. government shutdown, which has delayed key economic data releases and heightened fears of political instability in Washington. The weakening U.S. dollar and speculation that the Federal Reserve could initiate a 25-basis-point rate cut later this month have further strengthened gold’s appeal.
The ongoing crisis in Europe and political turbulence in Japan have