The price of gold surged to more than $3,800 per ounce on Sept. 30. The surge comes amid a record weakening of the U.S. Dollar, which has lost roughly 11% of its value since Jan. 2025.
The gold rally follows expectations of another Federal Reserve rate cut in October, and also follows concerns over a potential U.S. government shutdown starting Oct. 1.
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The value of gold bullion is now at an all-time record high. Silver gained 2.4% in value, while platinum also saw notable growth.
Adjusted for their new values, this means that the United States Treasury now holds more than one trillion dollars in national gold reserves.
