Gold above $4,000 for the first time
Gold hit a record price of $ 4,000 per troy ounce (31.1 grams) for the first time on Wednesday. The gold price has been rising for some time, partly due to the ongoing US government shutdown. The precious metal is seen as a safe investment in uncertain times on the financial markets.
This year, the gold price has already risen by about 50 percent, partly due to uncertainty about the policy of American President Donald Trump. Uncertainty has increased as the publication of employment figures has been delayed. Those figures should have been released on Friday, but publication was postponed due to the government shutdown. Political unrest in France would also drive traders towards gold.