New Delhi: Gold prices soared to a new record high on Monday, driven by safe-haven demand amid concerns over a partial shutdown of the US government and growing bets that the Federal Reserve will deliver more interest rate cuts this year. Spot gold rose 0.9% to $3,922.28 per ounce by 0208 GMT, after hitting an all-time high of $3,924.39 earlier in the session. US gold futures for December delivery also climbed 1% to $3,947.30.

The rally came as investors rushed to the yellow metal following renewed uncertainty in the US, where a government shutdown has halted several non-essential services and heightened fears of economic disruption. Analysts said the political deadlock and rising fiscal pressures have reinforced expectations that the Fed may ease its monetary policy sooner than previousl

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