Usa Stocks Insider
  • Business
  • World
  • Investing
  • Stocks

Usa Stocks Insider

  • Business
  • World
  • Investing
  • Stocks
Investing

Gold Price Breaks US$3,900; Silver Above US$48, Platinum Over US$1,600

by admin October 7, 2025
October 7, 2025
Gold Price Breaks US$3,900; Silver Above US$48, Platinum Over US$1,600

Gold continued to set new records on Monday (October 6), breaking US$3,900 per ounce.

After spending the summer months consolidating, the yellow metal began pushing higher toward the end of August. It quickly reached US$3,500 and continued on up, rising as high as US$3,972.60 on on Monday.

The yellow metal is up about 9 percent in the last month, and nearly 50 percent year-to-date.

Gold price, December 31, 2024, to October 6, 2025.

Gold’s latest rise began last week, after US Congress failed to reach an agreement on a spending bill ahead of the new fiscal year, triggering a government shutdown. The closure is now on its sixth day, with a key sticking point between Democrats and Republicans being an extension to billions of dollars in subsidies for Obamacare.

US President Donald Trump said on Monday that negotiations were taking place with Democrats and ‘could lead to very good things’ in terms of healthcare. However, Senator Chuck Schumer and Representative Hakeem Jeffries, Congress’ two Democrat leaders, said no talks are happening and that the White House ‘has gone radio silent.’

Beyond current events, gold’s rise is underpinned by factors like strong central bank buying, global geopolitical uncertainty, concerns about the US dollar and other fiat currencies and expectations of lower interest rates.

Those factors have many experts predicting a rise beyond US$4,000 for the precious metal, likely before the end of the year, although a correction is widely expected beforehand.

Against that backdrop, silver and platinum prices were also on the rise on Monday.

Silver, which broke US$48 per ounce last week, continued to trade above that amount, rising as high as US$48.74. The white metal is approaching its highest price ever and was last at the current level in 2011.

Meanwhile, platinum rose as high as US$1,645.90 per ounce after pushing through US$1,600 last week. Before taking off in May of this year, platinum had been rangebound for about a decade and was last above US$1,600 in 2013.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Freegold Provides 2025 Golden Summit Program Update
next post
American AI Expert to Partner with HUI in Gulf States

You may also like

Ken Hoffman: Gold’s Path is Clear, Price to...

September 4, 2025

Zijin Mining Surges Past US$100 Billion Valuation Despite...

September 26, 2025

1911 Gold Announces Upsize of Previously Announced “Best...

September 20, 2025

Platinum Price Pushes Past US$1,600 to Fresh 12...

October 6, 2025

Locksley Resources LimitedAdvances Antimony Supply Strategy

September 10, 2025

Top 5 Canadian Mining Stocks This Week: Guardian...

September 13, 2025

Stallion Uranium Completes Second and Final Tranche of...

September 3, 2025

Casablanca Geophysics Highlights Antimony Targets at Depth

September 9, 2025

Landsat Data Shaping Lithium-Mining Plans at Nevada’s Thacker...

September 19, 2025

Reinstatement to Quotation

September 17, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • The Real Drivers of This Market: AI, Semis & Robotics

      October 8, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      October 8, 2025
    • Blue Jay Gold: Building the Next Multi-million-ounce Gold Portfolio in Canada

      October 8, 2025
    • 2025 Crypto Market: Q3 Review and Forecast

      October 8, 2025
    • XION and Fireblocks Partner to Accelerate Mass Market Blockchain Adoption

      October 8, 2025

    Categories

    • Business (44)
    • Investing (269)
    • Stocks (80)
    • World (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: usastocksinsider.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 usastocksinsider.com | All Rights Reserved