Gold Prices Surge Amid Government Reopening Hopes

NEW YORK, NY — Spot gold prices climbed to $4,208.98 per ounce as trading continued on November 13, 2025, buoyed by optimism regarding the reopening of the U.S. government.

As of 1:46 p.m. ET, U.S. gold futures for December delivery were up 2.4%, reaching $4,213.60 per ounce. The increase in gold prices comes as market analysts anticipate that the reopening will pave the way for the release of important economic data.

“The market is expecting that the reopening will reveal signs of economic weakness,” said Bart Melek, head of commodity strategies at TD Securities. This sentiment is shared among traders who are reportedly adding long positions while closing some short positions, responding to the expected government reset.

The shutdown, which became the longest in U.S. history at 42 days, has left policymakers and the market relying heavily on private data for economic evaluation, further fueling uncertainty.

In addition to gold, silver prices saw a notable rise, increasing by 4.6% to hit $53.58 per ounce, its highest since October 17. Bob Haberkorn, a market strategist at RJO Futures, connected the rise in silver to dwindling supplies, stating that the influx into gold may also be a reaction to the silver market’s volatility.

Recent jobs data showed that private employers had shed an average of 11,250 jobs per week in the weeks leading up to October 25, contributing to fears about the labor market’s stability. According to the CME Group‘s FedWatch tool, there is now a 65% chance that the Federal Reserve will cut interest rates by 25 basis points in December, as lower interest rates typically favor gold investment.

In other precious metals, platinum gained 2% to $1,616.80 per ounce, and palladium climbed 2.5%, reaching $1,480.58, further reflecting a trend of rising commodity prices amidst economic uncertainty.