Gold Hits All-Time High Above $3,900

Spot gold surged past $3,900 per ounce on October 6th, marking a new record high and signaling strong momentum in the market. The milestone comes just days after reaching $3,800, reflecting growing investor demand for safe-haven assets in response to economic uncertainties. Rising concerns about U.S. fiscal stability, the ongoing government shutdown, and a weakening dollar have fueled the move towards precious metals like gold as a hedge against potential inflation.