Gold hit a record high of $3,833.37 on Monday as investors moved into the metal amid U.S. rate cut hopes

Gold ripped through yet another all-time high on Monday, surging past $3,800 for the first time ever as traders piled into the ￰0￱ touched $3,833 during the trading session before easing slightly, while spot levels held at $3,829, up by 1.9% and US futures for December closed at $3,855.20, a gain of 1.2%, according to data from CNBC. Meanwhile, the US dollar index plunged by 0.2%, making all gold priced in dollars cheaper for international buyers, as Cryptopolitan reported ￰1￱ surge came as investors sought safety on expectations of Federal Reserve rate cuts, looming political gridlock in Washington, and renewed conflict ￰2￱ Meger, director of metals trading at High Ridge Futures, said: “Safe-haven demand focused on the potential US government shutdown is one of the driving factors behind gold’s ￰3￱ dollar is under some light pressure in response to that, certainly supporting the precious metals complex.” President Donald Trump met with senior congressional leaders on Monday to push for an extension of government ￰4￱ a deal, the United States would face a federal shutdown starting ￰5￱ standoff added fuel to gold’s run, which is already up more than 43% this ￰6￱ cuts and global conflicts drive momentum Friday’s release of the Personal Consumption Expenditures Price Index came in line with forecasts, reassuring markets that the Fed has space to ease ￰7￱ are betting on cuts at the October and December ￰8￱ added: “The PCE data from last week was viewed as not standing in the way of an additional one or two Fed rate ￰9￱ continue to be a supportive factor for gold and silver.” Overseas, the war in Ukraine added to safe-haven flows as Russia’s defense ministry announced that its troops had taken control of the village of Shandryholove in the eastern Donetsk region, a sign of yet another escalation by president Vlad ￰10￱ the corporate arena, the world’s largest gold miner Newmont revealed that CEO Tom Palmer will retire at the end of the year after more than a decade at the ￰11￱ Barrick confirmed earlier in the day that its CEO Mark Bristow had also stepped down.

Elsewhere, silver jumped 1.9% to $46.85, its strongest in over 14 ￰12￱ advanced 1.5% to $1,592.65, a level last touched 12 years ￰13￱ was the outlier, slipping 1.1% to $1,255.61. AI stocks rebound as Wall Street steadies While gold grabbed headlines, ￰14￱ also regained ground after a rough ￰15￱ S&P 500 added 0.26% to close at 6,661.21, and the Nasdaq Composite rose 0.48% to finish at 22,591.15. The Dow Jones Industrial Average inched higher by 68.78 points, or 0.15%, ending at 46,316.07. That bounce came after the prior week marked the S&P’s weakest since August 1, the Nasdaq’s softest since early August, and the Dow’s first loss in three ￰16￱ stocks linked to the AI trade helped lift ￰17￱ gained about 2% following concerns that its infrastructure projects with OpenAI might struggle with energy ￰18￱ Micro Devices added over 1%, while Micron Technology surged more than 4%.

These showed investors were still betting on chips despite doubts about the pace of ￰19￱ from tech, Electronic Arts soared 4.5% after confirming plans to go private in a $55 billion ￰20￱ announcement added to a wave of corporate ￰21￱ Sachs calculated that ￰22￱ and acquisitions this year have already topped $1 trillion, up 29% compared to the same period last ￰23￱ last week’s stumble, the return of buyers on Monday steadied Wall ￰24￱ the real spotlight stayed on gold, now locked in as the leading hedge against Washington’s budget fight, Fed policy, and a world on ￰25￱ up to $30,050 in trading rewards when you join Bybit today