Gold hovers near record high on US shutdown concerns, Fed rate outlook

October 1, 2025

Gold prices edged higher on Wednesday, nearing record levels. A potential US government shutdown boosted demand for safe assets. Recent US labor data indicated a softening market. This reinforced expectations for Federal Reserve rate reductions. Traders anticipate rate cuts in October and December. Gold performs well when interest rates are low.

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A NABARD survey reveals a significant boost in rural economic momentum, with 80% of households reporting higher consumption over the past year. This rise in

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The Reserve Bank of India has relaxed norms for business accounts. Customers can now open current, cash credit, and overdraft accounts more easily. The aggregate

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