Gold prices surged to a new all-time high on Monday, October 6, 2025, climbing 2.2% to trade above $3,970 per ounce, as investors sought safe-haven assets amid heightened economic uncertainty caused by the ongoing U.S. government shutdown.

The latest rally marks the seventh consecutive week of gains for the precious metal, extending its year-to-date rise to over 50%.

Market analysts say the surge reflects growing investor anxiety following the delay of key U.S. economic data releases, including reports on employment and inflation, which have clouded the outlook for traders and policymakers.

“With the flow of official data disrupted, investors are turning to gold as a store of value and stability,” said one commodities analyst, noting that traders have increasingly relied on private-sector data to assess the state of the U.S. economy.

Gold-backed Exchange-Traded Funds (ETFs) also saw renewed inflows last week, signalling a rebound in investor demand for the metal. The SPDR Gold Shares ETF, one of the world’s largest, recorded a notable rise in new positions as traders bet on further gains.

Meanwhile, silver futures for December delivery edged slightly lower, trading at $48.43 per ounce, as investors focused their attention on gold’s record-breaking momentum.