In a new record the goldcontinuing yesterday’s (29.9.2025) rise, as the prospect of an imminent closure of the government of USA overshadowed the course of the monetary policy of the US Federal Bank (FED) in view of the interest rates decision next month.
Gold rose up to 0.9% in a historical high of $ 3,867.25 per ounce, surpassing the high he had at the previous meeting when he closed 2%. The meeting between the leading leaders of Congress and US President Donald Trump ended without agreement on the short -term government funding. This has reinforced fears of the government closure, which could prevent the publication of financial reports, depriving investors critical data needed to evaluate the American economy.
Meanwhile, Newmont and Barrick Mining have announced a change in their leadership yesterday. Tom Palmer’s departure from Newmont on December 31 was largely expected, but Barrick’s departure of Mark Bristow came as a surprise. Companies are the two largest gold producers in the world.
Gold has rose 47% this year, traveling to the highest annual profit since 1979, and has recorded a series of records in terms of central banks and the re -launch of interest rates by the Fed. Goldman Sachs and Deutsche Bank have stated that they are expecting the rise expansion.
US government bonds also rose yesterday, and the dollar retreated, partly due to concerns about the possible closure of the government. The lower yields of US government bonds tend to favor precious metals, which do not give interest, while the weakening of the dollar makes precious metals expressed in dollars cheaper for most buyers.