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Under the risk of a government shutdown in the United States, gold has seen a slight rise.
Jin10 data reported on October 1st that gold rose slightly during the Asian early trading session. As the U.S. Congress failed to pass the federal agency funding bill on time, the U.S. federal government is facing a shutdown. In the third quarter, COMEX gold futures for near-month contracts rose by 16.59%, setting a record for quarterly net gain. Exness strategist Agustina Patti pointed out in an email that the rising demand for safe-haven assets is driving the strong performance of precious metals, and added that the market focus remains on Washington—U.S. President Trump and congressional leaders have not reached an agreement on the negotiations for government funding extension.