Gold surpasses 4,000 USD per ounce, setting new record

Gold futures on the New York Mercantile Exchange briefly surged past the 4,000-U.S.-dollar per ounce mark on Monday, reaching a historic new high.

During the Asian trading session on Tuesday, London spot gold prices briefly approached 3,980 U.S. dollars per ounce during intraday trading, also marking a record high.

Analysts said that U.S. government shutdown, along with political uncertainties in countries such as France and Japan, has exacerbated invest unease, driving up the gold price.

Gold surpasses 4,000 USD per ounce, setting new record

Oil prices rose on Wednesday.

The West Texas Intermediate for February delivery increased by 87 cents, or 1.42 percent, to settle at 62.02 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery gained 1.05 dollars, or 1.6 percent, to settle at 66.52 dollars a barrel on the London ICE Futures Exchange.

Crude futures settle higher