Saxo Bank: US government shutdown supports safe-haven demand for precious metals
2025-10-03 22:35:31
Gold futures broke through the $3,900 a troy ounce mark again this week, and Saxo Bank analyst Hanson said the US government shutdown had injected new safe-haven demand into the precious metal. "Typically, physical demand moderates during the holiday season in parts of Asia, and there is usually a risk of a price pullback, but this time it has not materialized," Hanson said in a note.
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