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.
The recent surge comes amid a weakening dollar and a potential federal government shutdown. The U.S. dollar index declined on Monday and was in the red on Tuesday as well.
Government funding is set to expire after midnight on Sept. 30. Congress must pass a stopgap bill before it expires in order to fund the government….