Gold Closes In on $4,000 as Investors Weigh US Shutdown, France

WATCH: Citadel CEO Ken Griffin says investors are starting to view gold as a safer asset than the dollar, a development that’s “really concerning” to him.Source: Bloomberg

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By Jack Ryan and Veena Ali-Khan

October 6, 2025 at 10:42 PM UTC

Updated on

October 7, 2025 at 8:25 PM UTC

Gold pushed closer to $4,000 an ounce, extending a rally fueled by the US government shutdown and the political crisis in France.

Spot gold pushed above $3,991 an ounce on Tuesday to touch a new record high while December futures in New York, the most active contract, surpassed $4,000 for the first time.