By 7:28 a.m. Moscow time, for December delivery on the New York ‘Comex’ exchange, it rose by 1.19% from the previous close, reaching $49.96, bringing the price per ounce to $4,251.56. Gold is traditionally seen as a safe haven during times of turmoil, which has boosted its demand amid the geopolitical tensions resulting from conflicts and disputes around the world. The U.S. government shutdown crisis by the Federal Reserve, which weakened the dollar, also supported the yellow metal. Added to these factors are increasing government debts in major economies and the uncertainty arising from Trump’s tariff policies.
