Gold rises as US government shutdown deepens global growth concerns; By- Commoditypandit.com:

Spot gold rose 0.2 percent at $1,282.50 per ounce, as of 0343 GMT, while US gold futures were steady at $1,281.40 per ounce.

Gold prices edged higher on Friday amid concerns that a prolonged US government shutdown could exacerbate an already slowing global growth, while markets awaited US-China trade talks scheduled for next week.

Spot gold rose 0.2 percent at $1,282.50 per ounce, as of 0343 GMT, while US gold futures were steady at $1,281.40 per ounce.

Investors are worried about the economic impact of the longest US government shutdown in history, now in its 34th day, with two bills to end the partial shutdown failing to win enough votes in the Senate.

“There are some positive features supporting gold like the US government shutdown, ongoing trade war and potential for slower rate hikes,” said John Sharma, an economist with National Australia Bank.

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