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Precious Metals Preview: COMEX gold gets fresh lift above $3880 mark; September set for over 10% gain
30-Sep-2025 08:57

COMEX gold futures surged to hit yet another lifetime high in early Asian trades on Tuesday amid heightened uncertainty surrounding US government shutdown. The yellow metal is racing ahead for a monthly gain of over 10%. Investors are seen flocking for the safe haven commodity as the risk of a federal government shutdown looms with the Oct. 1 funding deadline nearing. Moreover, possibility of future Fed rate cuts is also boosting gold prices. Currently, the counter is up 0.60% at $3878.50 an ounce after hitting a high of $3886 earlier in the day.

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