Gold Price Reaches New Historic High

The price of gold has reached a new historic high, exceeding $3,800 per ounce, amid uncertainties regarding U.S. government operations and the Federal Reserve's monetary policy.

According to Bloomberg, gold briefly surged to $3,839.52 per ounce, marking the highest level in history. This spike occurred following a meeting on September 29 between congressional leaders and President Trump, which failed to reach an agreement on short-term government funding, thereby heightening fears of a government shutdown and creating uncertainty for investors concerning key economic indicators.