Core Viewpoint - The surge in precious metals, particularly gold, has dominated the commodities market this year, with prices breaking significant thresholds, driven by various economic factors [1] Group 1: Gold Price Trends - Gold prices surpassed $3,000 per ounce in March and exceeded $4,000 earlier this month, reaching a new high of over $4,100 on October 14 [1] - The current trading frenzy in gold is partly supported by rising expectations of interest rate cuts by the Federal Reserve [1] Group 2: Economic Context - The ongoing government shutdown in the U.S. raises uncertainty about the economic outlook, potentially impacting the economy [1] - There is a notable trend of global central banks, institutional investors, and individual investors reallocating funds from U.S. Treasury securities to gold [1] Group 3: Market Influences - The increase in gold purchases by global central banks and the rise in gold ETF holdings are contributing to the upward momentum in precious metal prices [1]