Gold hovers near record high on US shutdown concerns, Fed rate outlook
Gold prices edged higher on Wednesday, hovering near record levels as the U.S. moved closer to a government shutdown, bolstering safe-haven demand, while weak U.S. labor data reinforced expectations of further Federal Reserve rate cuts. FUNDAMENTALS * Spot gold was up 0.2% at $3,861.22 per ounce, as of 0030 GMT. Bullion logged about 12% rise … Read more