Gold bids accelerated recent gains, climbing into the $1,960 handle as tensions over the Gaza Strip conflict and a hamstrung US Congress lacking a Spe
Spot Gold climbed further on Wednesday, extending to $1,960 as investors reversed direction. Global geopolitical tensions and political instability in the US are seeing market jitters rattle risk assets. US Treasury yields continue to climb as investor's nerves shake out, 10-year hits highest yield since 2007. aker of the House give investors cause to pause, sending markets flowing back into safe havens. XAU/USD is settling near $1,950 heading into the market close and remains up over 1.
The deadline on a temporary funding stopgap is set to unwind in four weeks' time, and investors are growing increasingly agitated as Congress continues to float dead in the water, unable to select a new Congressional speaker. US Treasury yields have climbed, with the 10-year T-note hitting a high of 4.928% on Wednesday.
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