Gold rose to a new record high on Tuesday and is poised to register its best monthly performance in 14 years, as fears of a potential U.S. government shutdown and growing expectations of further interest rate cuts boosted demand for the metal as a safe haven.
Spot gold increased by about 0.81 percent to reach $3,864.42 per ounce.
The precious metal has gained 11.4 percent so far in September, heading for its best month since August 2011. U.S. gold futures for December delivery also climbed 1.02 percent to $3,894.40.
