Gold prices surged past $4200 as the end of the government shutdown and expectations of interest rate cuts boosted the market.

After President Trump signed a spending bill to end the longest government shutdown in US history, the price of gold broke through the $4200 mark, as the shutdown had previously caused key economic data from the Federal Reserve to be delayed. Soojin Kim of Mitsubishi UFJ Financial Group stated, "The market is betting that once the data flow resumes, the softer economic outlook for the US may support additional rate cuts, which would support non-yielding metals. However, there is still internal division at the Fed, with some policymakers leaning towards pausing rate cuts to curb inflation." Gold futures have already risen by over 60% this year, supported by strong demand from central banks and investors seeking to hedge against increasing fiscal risks in major economies.