NEW YORK - Gold prices have surged following the market shutdown, with New York spot gold reaching a record $3,850.45 per troy ounce.
This marks a significant increase from the market closure on Tuesday, where prices were approaching the $3,900 mark.
The current rise is driven by investor anxiety, as gold is often viewed as a safe haven for money during uncertain times.
Gold supply tends to fluctuate, reflecting the economic sentiments of the market.
Investors are closely monitoring the situation to assess potential impacts on the market.