Gold prices rose in global markets on Wednesday for the fourth consecutive day, supported by a weakening dollar and expectations of an end to the government shutdown in the United States.
Spot gold increased by 0.4% to $4,142.70 per ounce, after reaching its highest level since October 23 on Tuesday.
U.S. gold futures for December climbed 0.8% to $4,149.20 per ounce.
The U.S. Senate recently approved a deal that could end the longest government shutdown in the country’s history, thus putting an end to the ongoing stalemate.
This agreement still requires approval from the House of Representatives, whose Speaker, Mike Johnson, stated that he aims to hold a vote as soon as possible.
