Gold Hits Three-Week High

Gold prices rose by 1% to reach $4,237 per ounce on Thursday, marking a three-week high as growing uncertainty surrounding the U.S. economic outlook boosted investor demand for safe-haven assets. Although U.S. President Donald Trump signed a funding bill late Wednesday to end the nation’s longest federal government shutdown, the White House warned that upcoming reports on jobs and inflation for October could face delays.

At 9:52 a.m. ET, gold was up 1% at $4,237 per ounce, while silver gained 1.86% at 10:07 a.m. ET, trading at $54.28 per ounce. Platinum rose 0.29% to $1,630.90 per ounce, and palladium advanced 0.88% to $1,469.81 per ounce at 10:08 a.m. ET.

More to come...