Published on : 07 Oct 2025, 4:16 am

New Delhi : Gold prices touched a new record high on Monday, crossing the $3,900 per ounce mark, as investors rushed to the safe-haven asset amid fears of a prolonged US government shutdown and expectations of more rate cuts by the Federal Reserve .

Spot gold rose 0.4 per cent to $3,900.40 per ounce in early Asian trade after briefly hitting an all-time high of $3,919.59.

US gold futures for December delivery also gained 0.5 per cent to $3,926.80. The rally in gold came as political uncertainty deepened in the US.

Adding to the momentum, expectations are rising that the Federal Reserve will cut interest rates further this year.

Fed Governor Stephen Miran recently called for an aggressive rate cut plan, warning about the economic effects of th

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