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Gold shines bright as US government shutdown boosts prices
Business
Gold just had its best week in a month, jumping nearly 5% to $4,187 per ounce after the recent US government shutdown delayed key economic data.
With uncertainty around the Federal Reserve's stance on rate cuts, investors are turning to gold as a safe bet while everyone waits to see what happens next with US monetary policy.
Gold's appeal as financial safety net grows
Central banks have been snapping up gold this year to protect their assets as global economies get shaky.
Gold is up almost 60% this year—its strongest run since 1979.
Plus, with the Fed pausing balance sheet reductions from December, gold's appeal as a financial safety net is only getting stronger for anyone looking for stability amid all the uncertainty.