Gold Re-crosses the $4,200 Mark as the USD Weakens Further
As the Asian trading session got underway on Friday, gold rediscovered its upward movement and re-crossed the $4,200 mark that had previously been breached. This new momentum seems to be driven by growing concerns among investors regarding the economic outlook of the United States in the wake of the re-opening of the government after a lengthy shutdown. The USD has remained depressed, and that has added fuel to the demand for gold since foreign-currency holders benefit as they buy gold using a weaker dollar. Equity markets have also experienced some dampening due to uncertainty about economic stability, and this has…