Gold Hits Yet Another Record as Political Uncertainty Boosts Bullion

Core Insights - Gold prices reached an all-time high of $3,966 per ounce, reflecting increased demand for safe-haven assets amid political uncertainties in the U.S. and abroad [1][2] Group 1: Market Reaction - Gold futures increased by 1.5%, surpassing the $3,900 per ounce mark for the first time in history, indicating strong investor interest in gold as a protective asset [1] - The ongoing U.S. government shutdown has contributed to the rise in gold prices, as investors seek stability in uncertain times [2] Group 2: Political Factors - The resignation of France's Prime Minister Sébastien Lecornu after less than a month has added to the political instability in Europe, further influencing investor sentiment towards gold [2] - President Emmanuel Macron's inability to form a government capable of addressing France's growing deficit has created additional political uncertainty, prompting investors to flock to gold [2]