Gold Price Holds Above $4,200 as Fed Rate-Cut Bets Mount and US Shutdown Ends, While Silver Shoots Past $53
Gold held above $4,200 an ounce Thursday after a 2% surge, as traders bet on a Federal Reserve rate cut and reacted to falling Treasury yields. Silver climbed past $53, narrowing the gold-silver ratio to its lowest in a month. The end of the U.S. government shutdown shifted focus to delayed economic data and labor market weakness. JPMorgan now projects gold could top $5,000 by late 2026 if Fed easing continues.