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Gold climbs into uncharted territory as investors flock to safety
Gold (XAU/USD) extends its historic run beyond $3,900 on Monday, notching one record high after another as the prolonged United States (US) government shutdown, dovish Federal Reserve (Fed) bets, and renewed political jitters in Europe keep safe-haven demand elevated. At the time of writing, XAU/USD is trading near $3,957 during the American session. The precious metal is up about 1.80% on the day, pushing deeper into uncharted territory and extending its winning streak to an eighth consecutive week. Adding to the momentum, a broadly weaker Japanese Yen (JPY), traditionally seen as a safe haven, is lending additional ... (full story)
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