Gold Wavers as Traders Assess Potential US Government Shutdown

Gold fluctuated as traders wrap up a month that saw successive all-time highs fueled by fears of a US government shutdown.

Bullion is trading around $3,844 an ounce after hitting a fresh record earlier Tuesday amid uncertainty on how a potential shutdown could deprive the Federal Reserve of key economic data it uses to guide interest rate decisions. The deadlock in Washington is the latest turmoil boosting gold’s appeal as a safe haven, along with concerns about geopolitical tensions and the economic impact of President Donald Trump’s trade wars.