TechFlow, November 11 — Gold futures rose 0.5% after the Senate passed an spending bill on Monday night aimed at ending the record government shutdown. Investors may interpret the government's reopening as increasing the likelihood of another Fed rate cut in December. "When interest rates fall, gold tends to attract inflows," explained Mizuho Securities analyst Robert Yawger. "If I can make 10% on a surging gold market, I'm not putting my money into 3.75% bonds." Gold prices remain near record highs and appear to be recovering after most of October's decline. (GoldTimes)
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