Gold surged past the $3,900-an-ounce level for the first time on Monday, driven by safe-haven demand following a fall in the yen, the U.S. government shutdown and the growing expectations of additional Federal Reserve rate cuts.

Gold prices soared to a new record on Monday, driven by growing optimism over the future of U.S. monetary policy.

Asian equities wavered on Thursday following the Federal Reserve’s interest rate cut, as investors weighed the prospects of further reductions amid Jerome Powell’s warning about a weakening jobs market.

Gold prices soared to a fresh record as investors anticipated a potential Federal Reserve interest rate cut this week.