Gold prices have reached new record highs, pushing the value of the U.S. Treasury's gold reserves beyond $1 trillion. This accounts for over 90% of the remaining value on the government's balance sheet. The surge in gold prices is attributed to investors seeking safe havens amid ongoing trade and geopolitical tensions, as well as concerns over a potential U.S. government funding crisis. Additionally, increased inflows into foreign exchange trading funds and expectations of Federal Reserve interest rate cuts have further fueled the rise.