Summary: Gold prices surged past US$3,900 an ounce for the first time, driven by safe-haven demand amid a US government shutdown and expectations of additional Federal Reserve rate cuts. The price increase is attributed to strong central bank buying, increased demand for gold-backed ETFs, a weaker US dollar, and growing interest from retail investors.

Link: https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-tops-us3900-first-time-safe-haven-demand