Gold prices climb over 1% amid US slowdown concerns
Gold prices jumped over 1% on Monday to a two-week high of $4,053.13 per ounce as weak US data and concerns over the economy boosted safe-haven demand. The move came despite optimism about a possible end to the government shutdown. Weekly jobless claims rose, while uncertainty grew after the Trump administration floated major cuts to SNAP benefits and a $2,000 dividend.