[Regnum] December gold futures on the Comex exchange rose 1% on Monday, September 29, hitting a new record high of $3,847 per ounce, according to trading platform data.
It is noted that the main impetus for growth was the weakening of the US dollar and growing investor concerns about a possible US government shutdown, Bloomberg reports.
Analysts are confident that gold has potential for further growth. Giovanni Staunovo of UBS, for example, believes the price could reach $3,900 per ounce in the near future. Some experts don't rule out a surge above $4,000 by the end of the year. The worsening geopolitical situation and the Federal Reserve's tight monetary policy are cited as reasons for this.
Since the beginning of 2025, gold has already risen in price by more than 45%. This impressive surge was made possible by record demand from global central banks and the easing of monetary policy by the Federal Reserve, which has already begun cutting interest rates.
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