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The U.S. government may open but that won’t stop gold’s rally
The gold market continues to see follow-through buying as prices hold above $4,100 an ounce, even as U.S. geopolitical tensions ease following the Senate’s passage of new funding legislation to end the longest government shutdown in history. Although Congress has resolved one geopolitical issue, analysts note that there is still plenty of uncertainty to support gold’s safe-haven appeal. The Senate’s bill now goes to the House for a vote, where it is expected to pass. Carsten Fritsch, Commodity Analyst at Commerzbank, noted that the government’s reopening might not come at an ideal time for the economy. Over ... (full story)
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