Gold prices saw a momentary dip in early trading after reaching the $4,000 per ounce mark, likely due to the ongoing U.S. government shutdown’s seventh day with no resolution and its impact on financial markets. This shutdown adds further uncertainty surrounding crucial economic data that influences Federal Reserve decisions. Despite this situation, traders anticipate two more interest rate cuts from the Fed this year. Meanwhile, political unrest in France, along with ongoing geopolitical risks continue to drive demand for safe-haven assets. Goldman Sachs has revised its gold price forecast for December 2026, raising it from $4,300 to $4,900 per ounce. This upward adjustment is attributed to increased inflows into gold exchange-traded funds and purchases by central banks.