Gold prices hit record $4,000 per ounce amid government shutdown

BISMARCK, N.D. (KFYR) - Gold prices have hit a new record of $4,000 per ounce amid the government shutdown.

Multiple factors have been driving this surge for months, but Larry Schneider at the Bismarck Gold and Silver Exchange said right now the biggest issue is Congress’s delay in passing a new budget resolution.

“I think that’s kind of created a somewhat of a vacuum with these foreign countries that they’re probably, rather than invest in treasuries, they’re probably buying gold and silver until we get this problem settled,” said Schneider.

He said he expects both gold and silver prices to keep going up.