Gold Rebounds From Three-Month Low as Senate Talks Stall
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Gold rebounded from a three-month low after negotiations stalled in the Senate on ending a U.S. government shutdown and preventing a default, boosting demand for the metal as a haven.
Senator Dianne Feinstein, a California Democrat, said talks fell apart, and the Senate needs to “vote on what we believed our agreement was.” Without an agreement on the debt ceiling, U.S. borrowing authority lapses on Oct. 17, and the 15-day government shutdown continues. The Standard & Poor’s 500 Index fell as much as 0.8 percent.