Gold Prices Fluctuate Amid U.S. Government Shutdown and Global Uncertainties

According to BlockBeats, gold prices experienced a slight decline in early trading after nearing the $4,000 per ounce mark. This comes as the U.S. government shutdown enters its seventh day with no resolution in sight, adding uncertainty to financial markets and delaying crucial U.S. economic data that influences Federal Reserve decisions. Despite this, traders anticipate two more interest rate cuts by the Federal Reserve this year. In addition, political unrest in France and ongoing geopolitical risks continue to drive demand for safe-haven assets. Goldman Sachs has revised its gold price forecast for December 2026, increasing it from $4,300 to $4,900 per ounce. This adjustment is attributed to inflows into gold exchange-traded funds and purchases by central banks.