Gold Price Surges Past $3,800; Silver Nears 14-Year High on Fed-Cut and Shutdown Fears
Gold hit a record $3,871.45 an ounce on Sept 30 before slipping to around $3,800, down 0.9% early in the day. Silver reached $46.85, its highest in over 14 years, and platinum touched $1,593. Both gold and silver are up sharply in 2025, with gold rising over 40% year-to-date. Safe-haven demand is driven by U.S. shutdown risks, Fed rate cut expectations, and geopolitical tensions.