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Gold Hits Record High as Investors Seek Safe Haven Amid U.S. Government Shutdown Fears

Summarized by NextFin AI
  • Gold prices reached record highs on Monday as investors turned to safe-haven assets amid concerns over a potential U.S. government shutdown.
  • Uncertainty regarding the Federal Reserve's policy direction has further fueled demand for precious metals, including silver, which also saw a price increase.

AsianFin -- Gold surged to record highs on Monday as investors sought a safe haven amid fears of a potential U.S. government shutdown and uncertainty over the Federal Reserve’s policy path. Spot silver also climbed, reflecting broad demand for precious metals.

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Insights

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