Gold closes at record high

December gold futures gained 0.46% to $3,873.2 per ounce

Gold prices rose at Tuesday’s settlement, with the most active futures contract closing at a record high for the 39th time in 2025, supported by fears of a US government shutdown and expectations of continued Federal Reserve monetary easing.

December gold futures gained 0.46%, or $18, to $3,873.2 per ounce, booking monthly and quarterly gains of 10.15% and 15.17%, respectively.

The rise came after US President Donald Trump said in media remarks that a partial federal government shutdown was likely by midnight due to stalled negotiations between Republicans and Democrats over a temporary funding bill.

Official data showed that US job openings remained steady in August, with a slight decline in hiring, signaling potential weakness in the labor market of the world’s largest economy.

Meanwhile, Trump pressed ahead with his protectionist trade agenda, announcing new tariffs on timber imports and some furniture products.