Gold Climbs on Increased Progress Towards Reopening

Most-active golden futures are up 0.5% aft the Senate precocious Monday passed a spending bundle to extremity the record-long authorities shutdown.

Investors whitethorn deliberation that a reopened authorities means improved likelihood that the Federal Reserve volition chopped involvement rates again successful December.

"Gold tends to pull inflows arsenic involvement rates commercialized lower," explains Robert Yawger of Mizuho Securities USA. "I americium not putting my wealth into a 3.75% enslaved if I tin publication a 10% summation successful the runaway golden market."