Gold pushed through $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the U.S. Federal Reserve.
Spot gold was up 0.7% at $4,011.18 per ounce by 0300 GMT. gold futures for December delivery gained 0.7% to $4,033.40 per ounce. interest rates and the ongoing government shutdown are still working in favour of gold.
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