Gold Climbs to Two-Week High

2025-11-10 01:44 By Jam Kaimo Samonte 1 min. read

Gold rose more than 1% to around $4,050 per ounce on Monday, reaching a two-week high amid mounting concerns over the US economy.

The yellow metal also benefited from a pullback in the dollar, which makes dollar-denominated commodities cheaper for foreign buyers.

On Friday, the University of Michigan’s consumer sentiment index fell to its lowest level in nearly three and a half years as the US government shutdown extended to the longest in history.

Meanwhile, the US Senate passed the initial stage of a deal to end the government shutdown with the minimum 60 votes required, eight Democratic senators broke ranks with party leadership to support the measure.

The agreement includes funding for the Departments of Agriculture, Veterans Affairs, and Congress, as well as other agencies.

Elsewhere, markets remain divided on whether the US Federal Reserve will cut interest rates in December, with traders pricing in roughly a 67% chance of a quarter-point reduction, unchanged from Friday.



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