Gold Surges as US Push to End Shutdown Turns Attention to Fed

Gold surged as US lawmakers moved closer to ending the longest government shutdown in American history, a move that would help lift the fog around the Federal Reserve’s path on interest rates.

Bullion jumped as much as 2.9% to trade above $4,115 an ounce. The White House on Monday expressed support for the bipartisan deal to end the shutdown, a key development that makes it likely the government reopens within days.