Research Strategist at Pepperstone

2025-09-29 09:24:25

(MENAFN- Your Mind Media ) Header: Gold breaks above $3,800 to a new record high as Fed rate cut expectations, U.S. government shutdown risks, and geopolitical tensions drive safe-haven demand, with ETF inflows fueling continued gains.

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Over the past week, the gold market remained dominated by bulls, with prices successfully breaking above $3,800 today, setting yet another record high. Expectations for further Fed rate cuts have supported this non-yielding asset,’while Trump’s new tariff policies, geopolitical tensions, and potential U.S. government shutdown risks have provided ongoing safe-haven buying. In addition, mo’entum traders’ participation and continued inflows into gold ETFs have been key drivers supporting the steady upward push in prices.

This week, traders will closely monitor U.S. fiscal policy developments and employment data, including the nonfarm payroll report, which could guide gold’s next move.

Technical Review: Stro“g “Buy-th”-Dip” Resilience

Looking at the XAUUSD daily cha’t, gold’s resi“ience in …#8221;buy-the-dip” behavior has been reaffirmed. Despite a minor midweek pullback, bulls quickly stepped in around $3,700, helping the weekly close finish up more than 2%, maintaining a steady uptrend. On Monday, prices surged through $3,800 during intraday trading, with bulls actively seeking new upside.

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