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BREAKING NEWS: Gold Hits Record High on Government Shutdown

Finance Minute

As Congress remains deadlocked, the US government faces a shutdown that has historically led to furloughs for hundreds of thousands of federal workers and significant economic losses. Each week of inactivity hampers GDP growth and consumer spending, while rising national debt exacerbates government dysfunction and undermines long-term stability. This situation erodes investor confidence, weakens the dollar, and increases borrowing costs. With federal payments and critical services delayed, consumer confidence is waning, prompting many to seek refuge in physical gold as a safeguard against economic uncertainty.

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