Tuesday 30/September/2025 – 09:20 p
The global gold price recorded an unprecedented historical level, driven by the escalation of fears of the possibility of a government closure in the United States, adding a state of fog about the future directions of the monetary policy of the Federal Reserve, prior to its expected decision on interest rates next month.
Global gold records a new standard and expectations to continue ascending
Today, Tuesday, the price of gold reached its historical peak at $ 3839.52 an ounce, after witnessing an increase in the previous session, following a meeting between the senior leaders of Congress and US President Donald Trump, who ended without reaching an agreement on temporary government financing, which increased the concern about the possibility of a closure that may delay the issuance of basic economic data, which investors depend to evaluate the performance of the American economy.
In this context, the New Moming Corp and Parrick Mining Corp – two of the largest gold producers in the world, announced changes in their leadership on Monday, as Tom Palmer’s departure from New Momint, scheduled for December 31, was largely expected, while Mark Presto’s departure from Barric was a surprise to the markets.
A 45% jump in 2025 and expectations to continue ascending
Gold recorded an increase of 45% since the beginning of the year, achieving a series of new summits, with the support of the increasing demand from central banks and the Appeals of the Federal Reserve Policy.
The precious metal is heading towards ending the third quarter of an annual consecutive of the gains, at a time when gold -backed indirect funds have reached the highest level since 2022, and “Goldman Sachs” and “Deutsche Bank” expressed expectations of the continued bullish direction of gold.
At the same time, US Treasury bonds witnessed a rise on Monday, partially driven by fears of a prospective government closure, which usually supports precious metal prices, in light of the decline in returns. The weakness of the US dollar also contributes to enhancing the resolved gold attractiveness, as it becomes cheaper for buyers abroad.
“Gold often does not interact with the last minute negotiations on US government closure, but it also did not witness a strong ascending market during previous closure periods,” wrote Nikki Shells, head of Mingle Metal Strategy at MKS PAMP, based in a research note. She added: “Gold currently reflects the expectations of weak growth growth for September, as well as some threats to government closure in the United States.”
Other precious metals continue to climb
As for other precious metals, such as silver and platinum, it was breathed today, Tuesday, after severe heights in the previous session, and silver and platinum made gains since the beginning of the year by 62% and 76%, respectively, as a result of the continued deficiency in the supply after years of deficit in supplies.
The lending rates – which reflect the cost of borrowing minerals for a short period – for each of the silver, platinum and albalium, witnessed a remarkable increase, exceeding its normal levels close to scratch, which raised concerns about the decline in the available stocks in London. Large flows to the indicators supported by these minerals contributed to strengthening this pressure.
