Overview

• Spot gold touched about $3,871 per ounce in Asian trading and U.S. futures briefly reached $3,873, marking fresh all-time highs.
• The metal closed September with an 11.9% monthly advance and roughly a 17% rise from early-August lows.
• A 25-basis-point Federal Reserve rate cut weakened the dollar and lowered real Treasury yields, lifting bullion’s appeal.
• Safe-haven buying strengthened after the White House announced new tariffs, including a 25% levy on kitchen cabinets, alongside rising U.S. shutdown risk.
• Analysts highlight a monthly RSI near 90 and warn that upcoming U.S. inflation, jobs and fiscal signals could prompt profit-taking or set the stage for another leg higher.