Home » Gold climbs to record as US government shutdown boosts havens

Gold climbs to record as US government shutdown boosts havens

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Gold reached a new all-time high as the US began a government shutdown, threatening upheaval, including delays to key economic data releases.

Bullion rose to touch $3,875.53 an ounce, rallying for a fifth day. That came as a stop-gap funding package failed to avoid a closure in Washington and the White House instructed government agencies to “execute their plans for an orderly shutdown” — the first in seven years.

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