The price of gold on US exchanges reached another record high yesterday, exceeding $4,000 for the first time in history. According to analysts, the rise in the price of the precious metal in the US is associated with economic and political instability, the government shutdown, a decline in employment and persistent inflation.

US gold futures, which investors use to hedge their positions, rose to about $4,005 per troy ounce on the New York Mercantile Exchange, which is a historical record.

Economists say that investors’ interest in gold is growing as market uncertainty increases — again, the main factors are the threat of a US government shutdown, the depreciation of the dollar and expectations of a rate cut by the Federal Reserve.

Gold traditionally tends to strengthen when economic and political uncertainty is high, said Lina Thompson, a commodities strategist at Goldman Sachs. According to her, a similar trend has been observed this year: in March, when the price of gold first reached $ 3,000, President Donald Trump tightened trade policy and imposed broader tariffs in April.

The latest wave of gold price growth began after the Senate failed to approve a bill to avert a government shutdown. This has forced investors to shift from risky assets, including Bitcoin and stocks, to more stable assets.

It is worth noting that Goldman Sachs has increased its gold price forecast to $4,900 by the end of the year. For reference, the previous figure was $4,300. At the beginning of the year, JPMorgan Chase and Citigroup made more cautious forecasts — $2,950 and $3,000, respectively — but the price of gold exceeded these marks in March.