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Spot Gold Surges on Fed Cut Buzz and Rising Uncertainty

The precious yellow climb extends to a three-week high since clearing the key $4,100 handle, as dovish Fed expectations and trade uncertainty outweighed improved risk appetite from progress in ending the US government shutdown.

The Senate passed a bill to restore funding after a 41-day closure, with the House expected to approve it next.

Despite the shift toward risk assets, market participants appear to have kept their focus on the shiny metal, supported by expectations of a December Fed rate cut and ongoing political tension.

With the Relative Strength Index positive, support further upward momentum, while the Moving Average Convergence Divergence is firming, and the Average Directional Index signals a modest bull trend.

Bullish momentum holds above 4,100, with the spotlight now on 4,210–4,240 — reassess from there. Bigger picture: the path opens toward 4,500.

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