Gold tops $3,900 for first time on safe-haven demand

Gold prices surpassed $3,900 an ounce for the first time. This rise stemmed from safe-haven demand. A US government shutdown played a role. Expectations of further Federal Reserve rate cuts also fueled the increase. Gold performs well during economic uncertainties. It recorded a 49 percent gain this year. Strong central bank buying and ETF demand supported its value.

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