Gold prices jumped to around $4,050 per ounce on Monday, reaching a two-week high, as investors sought safety amid growing worries about the US economy.
A weaker dollar also made gold cheaper for buyers from other countries, giving the yellow metal an extra boost.
These concerns followed a report showing that American consumer confidence fell to its lowest level in more than three years, a reflection of the stress caused by the longest government shutdown in US history.
In a step toward easing the uncertainty, the US Senate approved the first part of a deal to fund key government departments, including Agriculture, Veterans Affairs, and Congress.
At the same time, traders are closely watching whether the US Federal Reserve will lower interest rates in December, with the market currently assigning about a 67% chance of a small cut. These developments kept investors focused on safe-haven assets like gold.
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By November 10, 2025, gold had risen further to $4,076.20 per ounce, up 1.88% from the previous day.
Even though gold has fallen slightly (0.85%) over the past month, it remains 55.35% higher than a year ago, highlighting its continued appeal as a reliable store of value when economic uncertainty lingers.
