jordan pulse -

Gold prices surged past $3,900 per ounce for the first time on Monday, driven by safe-haven demand amid a U.S. government shutdown and growing expectations of further Federal Reserve interest rate cuts.

As of 00:27 GMT, spot gold rose 0.4% to $3,900.40 an ounce after reaching an all-time high of $3,919.59 earlier in the session.

U.S. gold futures for December delivery climbed 0.5% to $3,926.80.