Core Viewpoint - International gold prices have surged, with London spot gold reaching an all-time high of $4005.88 per ounce, driven by various economic and geopolitical factors [1] Group 1: Price Movement - On the 8th, international gold prices continued to rise in the Asian trading session, following New York gold futures closing above the $4000 mark [1] - London spot gold prices hit a historic high of $4005.88 per ounce, marking a significant milestone in the gold market [1] Group 2: Contributing Factors - The increase in gold prices is attributed to short-term and long-term risks, including the U.S. federal government shutdown and concerns over U.S. debt sustainability [1] - Market expectations for multiple future interest rate cuts by the Federal Reserve have also contributed to the rising gold prices [1] - Ongoing geopolitical conflicts in various regions around the world are further driving the demand for gold as a safe-haven asset [1]

Core Viewpoint - The article highlights the significant rise in gold prices, with London spot gold reaching a historic high of $4000 per ounce, driven by various economic factors including a declining dollar and market speculation regarding the Federal Reserve's interest rate policies [1][3]. Price Movement - As of the latest update, spot gold is reported at $4000.49 per ounce, reflecting a 0.41% increase, with a year-to-date gain exceeding 50% [3]. - On October 7, COMEX gold futures also hit a new high of $4004.80 per ounce, with a daily trading range between $3963.40 and $4014.60 [3]. Economic Context - The current surge in gold prices is occurring against a backdrop of a weakening dollar, a potential U.S. government shutdown, and speculation that the Federal Reserve may continue to lower interest rates despite high inflation [3]. - Billionaire Ray Dalio has indicated that gold is a safer haven compared to the dollar, drawing parallels between the current market conditions and the inflationary environment of the 1970s when gold prices soared [3].

Core Points - The U.S. federal government has entered a shutdown for the first time in nearly seven years as of October 1, 2023, affecting hundreds of thousands of federal employees who will be forced to take unpaid leave [1] - The shutdown is a result of a failure between the two major political parties to reach an agreement on a new temporary funding bill, primarily due to disagreements over healthcare benefits [1] Impact on Services - The shutdown will lead to the suspension or delay of certain public services, which may affect various sectors reliant on federal operations [1] - Economic data releases will also be impacted, potentially leading to disruptions in economic analysis and forecasting [1]