The risk of a government shutdown in the United States is causing market unease, and gold prices have reached a new high.

Jin10 data reported on September 29th that on Monday, gold prices broke through the $3,800 per ounce mark due to concerns over the potential U.S. government shutdown and a weakening dollar. Gold prices have been rising significantly, accumulating a 45% increase this year, driven by worries over government debt levels and inflation, as well as doubts about the dollar's status as a reserve asset. Analysts and market participants indicate that a major driver of the recent surge in gold prices is the substantial buying of gold-backed ETFs by Western investors. Deutsche Bank analysts wrote: “The ETF demand has re-entered the market so strongly, indicating two forms of 'aggressive' buying coming from the Central Bank and ETF investors.” U.S. President Trump will meet with lawmakers on Monday in an effort to break the deadlock. If an agreement on short-term funding is not reached, federal funding will expire on Tuesday.