Gold Reached Historic Record: Investors Uneasy

Gold Prices Hit Record High

Gold reached an all-time high on Monday, amid a general rally in precious metals. Investors are concerned that a potential US government shutdown could affect critical job data to be released this week, increasing uncertainties regarding the Fed's monetary policy.

Gold's Record Price

Gold reached a new peak of 3,798.73 dollars per barrel, after six consecutive weeks of increases. This is seen as a reflection of investors' high demand for precious metals.

Rise in Other Precious Metals

Other precious metals such as silver, platinum, and palladium also showed a strong increase. This rise is believed to reflect the tight market conditions and increased inflows into metal-backed exchange-traded funds (ETFs).

Impacts on Fed's Monetary Policy

Weak employment data could strengthen the rationale for Fed officials to lean towards easing in their next interest rate decision in October. This remains a significant source of uncertainty for investors.

Critical Meeting and Latest Developments

Investors are closely watching the meeting scheduled for Monday between top leaders of the US Congress and US President Donald Trump. This meeting will take place one day before federal funding expires if an agreement on a short-term spending bill cannot be reached. Additionally, the unemployment report expected to be released on Friday, for which economists forecast limited employment growth in September, could have significant impacts on the markets.