Gold hit another record, extending a four-day rally, as traders braced for a possible US government shutdown that could support demand for haven assets.
Bullion rose to touch $3,875.53 an ounce, above the peak set on Tuesday, as investors tracked the deadlock in Washington. If Democrats and Republicans do not reach an agreement by a midnight deadline to fund federal operations, that would trigger the first shutdown in nearly seven years — a scenario that could delay key figures, including Friday’s nonfarm payrolls.