Gold Prices Making History: Dollar and Government Shutdown Risk

Recent growing concerns regarding the US debt continue to shake investors' confidence in the dollar. This situation has driven the price of gold per ounce to an all-time high. Gold stands out as a 'safe haven' in the eyes of investors, while geopolitical risks, as well as increasing uncertainty and economic stagnation concerns, also positively influence its price.

Analyses conducted worldwide, especially in the US, indicating that interest rates will fall, are paving the way for gold prices to gain momentum. Investors prefer to turn to assets historically considered safe in the face of high inflation and increasing financial uncertainties. This, in turn, leads to the appreciation of gold, which is traditionally a 'safe haven'.

The risk of a US government shutdown, in particular, causes investors to avoid taking risks and consequently to turn to gold. The price of gold per ounce is constantly breaking new records in light of these uncertainties. Market fluctuations push investors to act more cautiously, which increases the demand for gold.

Experts predict that if this process continues, gold prices could rise even further. The deterioration in the general economic outlook and potential interest rate cuts increase the attractiveness of investments in precious metals like gold. Furthermore, the prevalence of geopolitical situations continues to be an important factor supporting gold purchases.

In light of all these developments, it is emphasized that investors should carefully follow market dynamics. The increase in the price of gold per ounce should be evaluated not only in connection with the US but also with fluctuations in exchange rates worldwide.