Gold Hits New Record High Again Amid Government Shutdown Fears, Weaker Dollar

The uncertainty surrounding the shutdown is creating a safe-haven demand for gold among investors.

Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney, Australia, on Aug. 5, 2020. David Gray/AFP via Getty Images

Gold prices set a new record high on Sept. 30, hitting $3,871 per ounce, beating the previous high recorded a day earlier.

Spot gold prices breached the $3,800 per oz. level for the first time on Monday. On Tuesday, prices went up even higher, but fell subsequently to trade at $3,808 per oz. as of 6:40 a.m. EDT. Gold prices have risen by more than 10 percent this month.