Gold rallies to yet another record high at a time of growing uncertainty on multiple fronts. “Strong ETF demand remains key, driven by ‘FOMO’ and eroding trust in traditional safe havens,” said Ole Hansen, head of commodity strategy at Saxo Bank, adding that central bank demand and lower bond yield are also factors.

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The ongoing US government shutdown is fueling uncertainty, economists advise. “It adds to risk and uncertainty at a most inopportune time,” said Mark Hamrick, senior economic analyst at Bankrate. “Now we’re all essentially looking through a fog.”

Renewable energy overtakes coal as biggest source of electricity in the world, according to the global energy think tank Ember. Developing countries, especially China, are leading the clean energy revolution as richer nations, including the US and EU, still rely more on fossil fuels for electricity generation.

Consulting firm Deloitte announced a deal to use Anthropic’s artificial intelligence assistant Claude to its more than 470,000 employees around the world. Deloitte offers consulting, tax and audit services and is one of the 300,000 business customers using Anthropic.

US 10-year Treasury yield continues to trade in lower range for year during government shutdown:

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