Saxo Bank: U.S. Government Shutdown Supports Safe-Haven Demand for Precious Metals

Jinse Finance reported that this week, gold futures prices once again broke through the $3,900 per troy ounce mark. Saxo Bank analyst Hansen stated that the U.S. government shutdown has injected new safe-haven demand into precious metals. In a report, Hansen said: "Normally, during holidays in some parts of Asia, physical demand tends to ease, and there is usually a risk of price pullback, but this has not occurred this time."