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Stocks rise, gold hits record as rate cuts and shutdown loom
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Tuko.co.ke
US Senate Minority Leader Chuck Schumer (L), and House Minority Leader Hakeem Jeffries met Donald Trump and top Republicans but were unable to reach an agreement.
"In trading rooms, gold is no longer just a hedge; it's become the star performer, the undisputed heavyweight," said SPI Asset Management's Stephen Innes.
"Every desk is watching because when gold is surging, it tends to reveal more about political and policy anxiety than about jewelry demand."
In company news, the international spin-off of China's biggest miner Zijin Mining Group rocketed higher on its Hong Kong debut.
Oil prices extended Monday's three percent plunge on fears about a glut amid talk of OPEC+ hiking output again in November.