Gold prices rose 3.8% to $4,033 per troy ounce
this week, though such gains have almost become routine as the metal continues
setting fresh all-time highs nearly every other day over the past six weeks.
The latest record was reached on Wednesday at $4,059 per ounce. The rally
accelerated sharply from October 1, following the start of the U.S. government
shutdown and the release of weak ADP Nonfarm Payrolls data for September. Gold
broke above resistance at $3,780, jumping 2.0% to $3,835 in a single session,
which confirmed a move toward the next target at $3,860–$3,880 per ounce.