The post Gold blazes past $4,000 to all-time highs ahead of Fed Minutes appeared on BitcoinEthereumNews.com.

Gold price rally extends for the third consecutive trading session in the week, hitting a record high of $4,056 a troy ounce, up over 1.70% on the day. Geopolitical uncertainty about the US government shutdown and expectations of lower US interest rates sustains flows into the yellow metal, which is up 54% year to date. Bullion extends three-day rally The lack of economic data releases due to the US government being closed keeps traders leaning on speeches by Federal Reserve (Fed) officials as the US government entered its eighth day of shutdown. The St. Louis Fed’s Alberto Musalem and Fed Governor Michael Barr failed to deliver market moving remarks as they refused to talk about monetary policy and the economic outlook. Later, speeches by the Minneapolis Fed’s Neel Kashkari, the Dallas Fed’s Lorie Logan and Barr once more are awaited. These will arrive alongside the release of the last Meeting Minutes of the Federal Open Market Committee (FOMC). Geopolitics is also playing its role, yet hopes of ending the Israel-Gaza war have increased as negotiations continued in Egypt. Hostilities between Russia and Ukraine continue apace. Daily digest market movers: Gold aims higher as US yields slide Gold rallies despite the ongoing strength of the Greenback. The US Dollar Index (DXY), which tracks the performance of the buck’s value against a basket of six currencies, is up 0.45% at 99.00. US Treasury yields retreat as the 10-year Treasury note is down one-and-a-half basis points at 4.113%. US real yields — which correlate inversely to Gold prices —  are also down nearly one bps at 1.763%. Global Gold ETFs have attracted $64 billion in inflows so far this year, according to data from the World Gold Council. September alone saw a record $17.3 billion, underscoring robust investor demand for the precious metal.…

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Filed under: News - @ October 8, 2025 9:23 pm