Gold surged over $4,000/oz, up 50% this year, driven by investor fears over government debt, a weaker dollar, a buying spree by China’s central bank, and concerns the AI stock boom may collapse. With the U.S. shutdown set to continue, investor uncertainty is likely to push the price higher still.

Gold broke a new record yesterday, cresting at over $4,000 per troy ounce. It was sitting at $4,055.30 this morning on Comex’s continuous contract index. It’s up more than 50% for the year.

At first glance, this makes no sense. Gold is traditionally a safe-haven asset that investors run to when times get tough. But U.S. GDP growth is robust, unemployment is low, and the S&P 500 is posting daily record highs. All of that looks like the best of times, not the worst of times.

So why is gold going

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