Gold Prices Smash All-Time Highs – Is Now the Moment to Buy or Bail?
Gold’s latest surge is truly global in scale. In early Asian trading on October 6, the precious metal breached the $3,900 per ounce barrier for the first time in historyreuters.com. It even spiked to intraday highs around $3,920–$3,924 before steadying just below $3,920newindianexpress.comnewindianexpress.com. This marks a new all-time record for gold internationally, eclipsing the previous highs set during recent economic turbulence. By afternoon, U.S. gold futures were trading robustly around $3,935/ozreuters.com, reflecting strong sentiment. The global rally is being driven by intense safe-haven demand. Investors worldwide have poured into gold as a shelter from financial storms. A major catalyst is the United States’ fiscal standoff – the prospect of a U.S. government shutdown has rattled markets and “added to the momentum” pushing gold higherreuters.com. With parts of the U.S. government at risk of going dark, key economic data releases have been delayed, feeding uncertainty in marketsindiatoday.in. This uncertainty is amplified by policy moves from Washington. Notably, President Trump’s trade and immigration policies have introduced new question marks for global growth, leading investors to seek safety; as one report noted, “uncertainty surrounding US President Donald Trump’s tariff and immigration policies” has been a significant factor behind gold’s riselivemint.com.