Gold Surpasses $5,300 Amid U.S. Government Shutdown Fears
The precious metal reached record levels as investors sought safe-haven assets due to rising uncertainty over a potential U.S. government shutdown.
Summary
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Terms & Concepts
Safe-haven asset: An investment that retains or increases in value during times of market turbulence or economic uncertainty, such as gold or U.S. Treasury bonds.
Government shutdown: A situation when the U.S. federal government halts nonessential operations due to a lack of approved funding.