Gold prices hit a new record on Tuesday amid the absence of any signs that the crisis between the U.S. House of Representatives and Senate, which led to a government shutdown, is easing. Prices were also supported by almost certain expectations of a U.S. interest rate cut this month.
Spot gold rose 0.4% to $3,974.09 per ounce, trading near its all-time high of $3,999.15 per ounce reached earlier in the session.
Meanwhile, U.S. gold futures for December delivery increased by 0.5% to $3,996.40.
