President Donald Trump’s gaudy ballroom may be costlier than expected, as gold prices hit a record high on Monday.

The gold-loving president boasted on Sunday that he had added “some of the highest-quality 24-karat gold” in the Oval Office and Cabinet Room, as part of his renovations to the White House.

Meanwhile, the next day, gold prices surged past $3,800 an ounce, driven in part by fears of a U.S. government shutdown.

This comes as construction begins this month on the president’s most ambitious renovation yet—a ballroom projected to be larger than the White House.

Announced in July as a 90,000-square-foot “ornately designed and carefully crafted space” with seating for 650 people, Trump has since said he plans to make the ballroom even larger, with capacity for 900 people and spa

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