Gold Hits Record High Over $3,900 on Yen Drop and Rate Cuts
Gold prices climbed to a new all-time high above $3,900 per ounce on Monday, driven by a sharp fall in the Japanese yen and strong bets on U.S. interest rate cuts. This surge happened amid ongoing worries about a U.S. government shutdown, pulling investors toward the safe haven metal as markets opened in Asia. Why Gold Prices Are Soaring Now Gold spot prices jumped as much as 1 percent to…