Gold surges past $4,000 an ounce as uncertainty fuels rally
Gold prices have surged past the $4,000 per ounce mark, driven by growing economic uncertainty. Analysts attribute this rally to delays in the reporting of economic data due to the ongoing US government shutdown. The uncertainty surrounding the economic situation has led investors to seek safe-haven assets, such as gold, which is traditionally seen as a hedge against economic instability. This surge in demand has pushed the precious metal's price to new highs, breaking the significant psychological barrier of $4,000 per ounce. The lack of timely economic data has made it more challenging for investors to assess the overall health of the economy, further fueling the demand for gold. As the government shutdown continues, the impact on the reporting of economic indicators is expected to persist, potentially contributing to further price increases for the precious metal.
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