Payam Javan: Gold prices climbed above $3,900 per ounce for the first time on Monday (October 6), marking a historic milestone for the precious metal. The surge was fueled by investors seeking safe-haven assets amid rising global uncertainties, including the weakening Japanese yen, the ongoing U.S. government shutdown, and increasing expectations of further interest rate cuts by the Federal Reserve.

Market analysts noted that the combination of political instability and monetary policy shifts has intensified demand for gold as a reliable store of value. The U.S. dollar’s recent volatility and mounting concerns over the economic impact of prolonged government closures have further boosted gold’s appeal among institutional and retail investors.

“Gold is a go-to asset for investors under these circumstances,” one analyst commented, underscoring the metal’s traditional role during periods of financial stress. Traders are now watching closely to see if the rally continues, with some predicting that prices could test new records if central banks maintain an accommodative stance.