Gold News & Info

Source:Matt Warden, American Gold Exchange

AustinThe gold spot price increased today to a new record intraday high of $3845.50 per ounce – up 45% from 52 weeks ago and 10% month-to-date – principally due to the possibility of a pending U.S. government shutdown, driving investors to seek the safety of gold as a safe-haven asset.

Funding for operating the US government is set to run out at 12.01 am Wednesday unless the White House and Congressional leaders reach an eleventh-hour agreement.

At the New York spot close: gold climbed $50.65 to $3828.40; silver soared $0.99 higher to $47.21; platinum picked up $44.70 to $1627.40; and palladium rose $9.42 higher to $1295.50.