Gold price today, Thursday, November 13: Gold rises over $4,200 after government shutdown ends

Gold Market Overview - Gold futures opened at $4,202.40 per ounce, nearly unchanged from the previous day's close of $4,204.40, marking a significant moment as the price had not surpassed $4,200 since October 21 [1] - The one-year gain for gold as of Thursday was the highest since October 17, with a 5% increase over the past week, a 4.6% increase over the past month, and a substantial 60.9% increase over the past year [4][8] Economic Data Impact - The recent government shutdown has delayed the release of key economic data, including the September and October jobs reports, creating uncertainty in the market [2] - The most recent inflation data indicated a 3% rise in prices over the last 12 months, with the October inflation report also delayed [2] - The CME FedWatch tool estimates a 53.6% probability that the Federal Reserve will lower interest rates by a quarter-point in December, down from 95.5% a month ago, which could positively influence gold demand by reducing returns on competing assets [3] Investment Opportunities - There is a growing interest in gold IRAs as a means to diversify retirement wealth, allowing investors to hold physical gold and other precious metals while potentially earning tax benefits [5][6] - The gold IRA market is characterized by specific IRS restrictions, including the requirement for gold to be stored in IRS-approved facilities and to meet purity standards [10]