Gold prices soared in Asian trading on Monday, climbing back above the key $4,000 an ounce mark as the U.S. dollar weakened and investor attention turned to Congress’ progress toward ending the prolonged government shutdown. The precious metal also gained support from market optimism that the Federal Reserve could cut interest rates in December, despite ongoing uncertainty over the broader U.S. economic outlook.
Spot gold surged 1.4% to $4,053.72 per ounce, while December gold futures rose 1.3% to $4,062.45 by 23:43 ET (04:43 GMT). The rally reflected renewed investor demand for safe-haven assets amid political tensions and softening economic indicators.
The dollar’s mild decline provided further momentum to metal prices. A softer greenback typically boosts gold and other commodities by making them cheaper for foreign investors. Market sentiment was reinforced by expectations of a potential 25-basis-point rate cut from the Fed in December, supported by recent weak labor market data. According to CME FedWatch, traders priced in a 61.9% probability of such a move.
Recent Challenger job cuts data revealed the worst wave of layoffs in nearly two decades during October, intensifying fears of an economic slowdown. Analysts believe the Fed could step in to stabilize the job market and sustain growth.
Other precious metals also advanced on Monday. Spot platinum climbed 1.4% to $1,571.92 per ounce, while spot silver jumped 1.8% to $49.21 per ounce.
Meanwhile, investor sentiment brightened as the U.S. Senate voted 60-40 to advance a funding bill aimed at ending the nation’s longest government shutdown. The bill’s progress broke a Democratic filibuster and could soon reopen federal operations, paving the way for delayed economic data releases that may further influence Fed policy decisions.


Thailand Inflation Remains Negative for 10th Straight Month in January
Australia’s December Trade Surplus Expands but Falls Short of Expectations
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 



