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Spotlight on Gold ETFs as Bullion Hits Record Amid U.S. Govt Shutdown
ZACKS·2025-10-01 12:50

The U.S. government entered its first shutdown in seven years on Oct. 1, instilling significant fear among investors, and prompting a rapid flight from stocks to precious metals. This shift is evident from the sell-off witnessed in major U.S. stock futures, including the Dow Jones Industrial Average futures, as well as those on the S&P 500, both of which fell a little less than 1%. Amid this market unrest, as investors flocked to safe-haven assets, gold prices surged to $3,875 per ounce, hitting new record ...