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Gold rises as US shutdown, tariff uncertainty lift safe-haven demand
Gold prices edged up on Thursday, buoyed by a weaker dollar and a resurgence of safe-haven demand on concerns over a prolonged U.S. government shutdown and uncertainty over the legality of tariffs. Spot gold was up 0.2% at $3,989.91 per ounce by 1:40 p.m. ET (1840 GMT). U.S. gold futures for December delivery settled little changed at $3,991. The dollar (.DXY), fell 0.5% after hitting a four-month high in the previous session, making gold cheaper for overseas buyers. With the U.S. government shutdown and skepticism from U.S. Supreme Court justices on the legality of U.S. President Donald Trump's sweeping tariffs, ... (full story)
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