The right Naija news at your fingertips

Gold hits record high as US Government shutdown begins

Gold prices have reached an all-time high as the United States government officially entered a shutdown after lawmakers failed to agree on a funding plan. Investors rushed to the precious metal, often seen as a safe haven during times of political and economic uncertainty.

Analysts note that the shutdown has created fresh fears about the stability of the US economy and global markets. The rise in gold is seen as a direct response to worries over delayed government services, unpaid federal workers, and the impact on financial confidence.

With no clear resolution in sight, experts predict that gold may continue to climb in the coming days. Many see this moment as a reminder of how global politics and financial markets are closely linked, with precious metals often benefiting during crises.

Related News