Oct 6 (Reuters) – Gold surged past $3,900 an ounce for the first time in early Asian trade on Monday, as safe-haven demand from a U.S. government shutdown added to the momentum from expectations of more Federal Reserve rate cuts.
Spot gold gained 0.6% to $3,910.09 per ounce by 23:53 GMT on Sunday, while U.S. gold futures for December delivery gained 0.7% to $3,935.
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Reporting by Anushree Mukherjee and Brijesh Patel in Bengaluru; Editing by Sriraj Kalluvila
Our Standards: The Thomson Reuters Trust Principles.
