Gold Heads Higher as Trading Resumes After CME Outage Headache

Gold traders faced a volatile session Friday as an earlier technical outage on the Chicago Mercantile Exchange disrupted markets, bringing another headache weeks after the longest-ever US government shutdown ended.

US futures trading resumed, following hours of disruption that hit trading across markets including gold futures and options on the Comex, which are often used to hedge exposure to prices in London. A lack of live trading or pricing for those contacts can make it harder to trade as they diverge from spot prices in London, the dominant trading hub.