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Gold seals record high as Trump heads for government showdown
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Gold seals record high as Trump heads for government showdownAs a safe-haven asset, gold is tied to political turmoil.
Gold has once again smashed a record high, spurred on by tensions in the US as President Donald Trump heads for a showdown with congressional members.
The yellow metal breezed past the $3,800 mark this morning with a 1.2 per cent gain as investors flocked to the safe haven asset whilst political tensions in Washington exploded.
Today, Trump will host a bipartisan meeting at the White House with the four top congressional leaders aiming to avoid a government shutdown.
The rally in the gold market has lifted stocks on the London market with gold miners topping the FTSE 100 in early trading.