Gold Bounces Higher as US Shutdown Continues
Gold is regaining some of its appeal to investors as a partial shutdown of the U.S. government enters a second day.
The price of the actively traded December contract for gold jumped $34.60, or 2.7 percent, to settle at $1,320.70 an ounce Wednesday.
Silver also rose sharply. The December contract rose 72.2 cents, or 3.4 percent, to $21.897 an ounce.
Financial markets were edgy Wednesday, as traders considered the prospect that political gridlock in Washington could lead to an extended, albeit partial, shutdown of the U.S. government.
This article appeared in print in edition of Hamodia.
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