Gold heads around $ 4,000 while the US government is dragging -

Gold has reached a new record, approaching $ 4,000 by an ounce, while American interest rate reductions are looming and the prospect of a prolonged closure of the federal government has raised demand.

The precious metal joined up to 2.2% to exceed $ 3,970 per ounce during the opening session of the week. The increase, which follows a series of seven weekly gains, increased prices by more than 50% this year. Golden Bourse Bourse Funds inflated again last week.

The American closure has delayed key data, making a clearer disorder economic perspective. With a lack of official figures, traders depend on private reports for signals, while the American central bank also finds it difficult to assess changing conditions. Traders always tariff a quarter of a quarter this month, which would benefit gold more because it does not pay interest.

The options of options continued to continue another rally, added even more upper positions in the FNB SPDR Gold Shares. A trader sold $ 355 of calls which were bought at the end of September when the gold was more than 5% lower, and bought $ 370 of equivalent calls to more than 26 million shares, betting on another gain of 1.8% by the end of next week.

Bullion pushed above this year, stimulated by central bank purchases while they diversify from the US dollar. Economic and geopolitical uncertainties launched by the Trump administration, as well as federal reserve rate reductions, have also provided tail winds. Investors flocked to assets such as gold, money and Bitcoin, in what was nicknamed the “discharge trade”, fueled by concerns about fiduciary currencies.

Private investors accumulating in golden background back funds contributed to the last stage of the rally, the total of assets by expanding the most than three years last month. Strong flows continued in the first days of October.

Fund flows were “simply remarkable,” said Priyanka Sachdeva, analyst at Phillip Nova PTE. It is “a testimony of the depth of the mentality” Buy-the-Dip-in-Gold “become,” she said.

Gold increased from 1.8% to $ 3,956.45 to 1:19 p.m. in New York. The Bloomberg Dollar spot index increased by 0.3%. Money, platinum and palladium have all climbed.

The “backdrop is intact with the Fed on path to further reduce rates, alongside the weakening of the labor market,” said Ahmad Asiri, analyst of Pepperstone Group Ltd.