Gold reaches a milestone, Tesla focuses on affordability, a conversation with Jensen Huang, and more in Morning Squawk.

1. Gold Shines Bright

Futures for gold have surpassed $4,000 an ounce for the first time. This marks the 43rd record for gold, often viewed as a safe haven in uncertain times. Predictions suggest it could rise more than 50% by 2025.

Here’s what to keep in mind:

When gold prices rise, it can increase costs for jewelry makers, leading to higher prices for consumers.

Ray Dalio, founder of Bridgewater Associates, advises that metals should comprise roughly 15% of an investment portfolio currently.

Despite gold’s rally, the stock market struggled, with three major indexes ending the day in the red, breaking a seven-day winning streak.

If you’re a CNBC Pro subscriber, delve into different investment methods for gold and where to find it.

Stay updated with live market changes.

2. Nvidia’s CEO on Challenges

Nvidia’s CEO, Jensen Huang, addressed recent market difficulties, particularly after Oracle’s shares fell 2.5% due to concerns over slim profit margins in NVIDIA’s chip rental sector. Huang remained optimistic during an interview, asserting that Oracle is “trying to do incredibly well” and will achieve profitability eventually.

He also highlighted a noteworthy partnership between Nvidia and OpenAI. Huang’s thoughts come amidst warnings from some investors about potential bubbles forming in the artificial intelligence market.

He’ll be featured on CNBC’s “Squawk Box” at 8 a.m. Be sure to tune in.

3. Government Shutdown Consequences

President Trump claimed that certain federal workers, during the ongoing government shutdown, might not be able to return to work. However, a law he signed in 2019 stipulates that these employees “will be paid during the expiration of appropriations.”

Republican pressure on Democrats appears to be increasing regarding health care issues, a key area of contention between the parties. Reports indicate that Republican Sen. Susan Collins is circulating a draft proposal addressing Obamacare contracts.

4. Economic Sentiment Mixed

While traditional economic reports are delayed due to the shutdown, some alternative data points are revealing potential issues.

Carlyle, an investment firm, reported that job growth was a mere 17,000 last month, indicating a slowdown from August’s figures. Additionally, a survey from the New York Federal Reserve noted that consumers expect inflation to rise and anticipate fewer financial advancements over the next year.

5. Tesla’s Latest Offerings

Yesterday, Tesla revealed more affordable options for its Model Y SUV and Model 3 sedan. Interestingly, while shares surged 5% on Monday after the announcement, they dipped over 4% on Tuesday. Some investors were clearly hoping for more extensive updates regarding new product lines.

In addition, Tesla introduced a new version of its driver assistance system for full self-driving capabilities.