Wed/Oct 01/2025 – 03:53 PM
Raised Gold prices In the local and global markets to the highest levels ever during the trading today, Wednesday, with the American government entering its first closure in nearly seven years after the legislators failed to reach an agreement on government financing, according to a report issued by the Eye Sagon platform specializing in gold and jewelry circulation.
Prices are locally and globally
Said Imbabi, Executive Director of the Applied Applied platform, said that gold prices increased by about 60 pounds during today’s trading compared to the conclusion of yesterday’s transactions, to record the gram of 21 -carat gold 5240 pounds, and at the global level, the ounce rose by about 30 dollars to 3888 dollars, after I touched the morning level of 3900 dollars as the highest price in its history.
He added that the gram of 24 carat gold recorded 5989 pounds, 18 caliber reached 4491 pounds, and 14 carat reached 3487 pounds, while the price of the pound settled at 41920 pounds.
Monthly transactions: Best performance in 16 years
Gold recorded a remarkable increase in the local and global markets during the month of September, driven by the increasing demand for safe havens amid geopolitical and economic uncertainty, as well as the US Federal Reserve’s tendency to reduce interest rates.
According to the report, gold today achieved a new standard, to end September with its best monthly performance in 16 years, supported by the concerns of the American government closure and the increasing expectations for reducing federal benefit, along with strong demand for safe assets.
Imbabi said that the price of gold in the local market increased during September by 11% at a value of 490 pounds, as it opened a gram of 21 carats of the month at 4690 pounds and closed at 5180 pounds, and in return, the ounce increased globally by 12% and a value of 411 dollars, as the month’s transactions opened at 3447 dollars and closed at 3858 dollars.
Since the beginning of the year, prices have risen locally by about 1490 pounds by 40%, while it increased globally by about 1264 dollars by 48%.
A rising global scene despite temporary declines
Gold prices rushed to historical peaks today, Wednesday, with the start of government closure in the United States after the passage of the draft law financing the new fiscal year, and although the impact of closures is usually limited to the markets, the timing of the current closure is very important; The postponement of the publication of the US jobs scheduled for Friday is likely to be delayed, which shades the uncertainty of the federal reserve expectations weeks before its next meeting.
US President Donald Trump also threatened to exploit the closure to lay off a large number of federal employees, who are usually given a temporary leave during the closing period and then return to their work after its completion, and the extent of continued closure remains unclear in the absence of a crucial negotiating path; Note that his first term witnessed a partial closure of 34 days, which is the longest in history.
In this ambiguous climate, high -risk assets were subjected to pressure, while gold – as a safe haven in times of economic and geopolitical turmoil – continued to rising, recording a new standard summit this year.
Work and dollars data: renewed pressure
The ADP report issued a short time ago showed that the number of jobs in the American private sector decreased by 32,000 jobs in September, and annual wages increased by 4.5% on an annual basis.
The reading came after a decrease of 3000 jobs (average of +54000) in August, and less than the market expectations of 50,000 jobs.
Dr. Nella Richardson, ADP chief economist, commented: Despite the strong economic growth in the second quarter, the release of this month shows what we have noticed in the labor market: business owners are more careful in employment.
Simultaneously, the US dollar was exposed to a sales wave after disappointing data; The dollar index fell 0.27% during the day to 97.53, before it later hovered near 97.80, which supported the attractiveness of gold for buyers from outside the United States.
Does gold reach 4000 dollars?
The coverage of the place of gold increased as a safe haven with its gains accelerating to historical peaks today, and although the immediate Wednesday’s stimulus is the American government closure, the scene of the risk extends to two major conflicts, political instability in France, and new customs definitions; They are all factors that draw an unstable painting for investors that drive them to resort to gold.
Recent research notes believe that the yellow metal can exceed $ 4000 an ounce, driven by central bank purchases, individual investors and institutions.
In a memorandum on Wednesday morning, Johnny Tefes, strategic at UBS Bank, argued that gold is still completely owned by investors, expecting to continue to rise during the coming quarters with the expansion of the base of gold possessions and the start of a cash facilitation cycle by the Federal Reserve – which means twice the dollar and the decrease in real interest rates as supportive factors.
UBS suggests that the upski pace at the end of 2026 in favor of the end of the facilitation cycle and improve economic conditions, but with the structural transformation that makes gold an essential part of the allocations for strategic assets, any later correction and price stability are expected to contain long -term historical levels.
