Gold prices rose in Asian trading on Monday, breaking through the psychological barrier of $4,050, reaching their highest level in ten days.
News of the imminent end to the U.S. government shutdown helped push gold prices higher, with spot gold hitting $4,000.79 on Monday, gaining 1.7%.
The metal’s latest rally was further boosted as buyers paused amid a positive shift in risk sentiment, with markets remaining optimistic about the U.S. government’s reopening. Spot gold rose 0.7% to $4,027.88 per ounce, while U.S. gold futures for December delivery increased 0.7% to $4,036.60 per ounce.
