BlockBeats News, October 3rd: The U.S. federal government once again partially shut down on October 1st local time. Analysis indicates that since 1981, the U.S. has experienced 14 federal government shutdowns, with most lasting one to two days. However, due to the current trade war with Trump and the dispute with Fed’s Powell, this shutdown may have a greater impact than previous ones.
At the moment the shutdown was confirmed on the early morning of October 1st, the spot gold and December futures prices hit historical highs of $3,862 and $3,903 per ounce, respectively. Cryptocurrencies such as Bitcoin and Ether also surged, reflecting market unrest and a strong desire for safe-haven assets.
