Daily Gold Update

Source:Dana Samuelson, American Gold Exchange

AustinGold surged over the $3,900 mark in overnight Asian trading Sunday and continued to gain through the London and New York sessions, extending further in after-hours trading. Silver and platinum also advanced. Palladium, which has been lagging the other three precious metals recently, led the precious metals complex higher on Monday, jumping more than $50 once it cleared the $1,300 level.

The metal�s safe-haven appeal strengthened Monday amid rising political and economic uncertainty in three major economies. In Japan, the yen slumped following the election of pro-stimulus lawmaker Sanae Takaichi as the country�s next prime minister. In France, Prime Minister S�bastien Lecornu resigned less than a month after taking office, just one day after forming a new government�a move that fractured a key coalition and pushed the euro 0.6% lower. In the United States, the ongoing government shutdown showed little sign of resolution. Despite the turmoil, the U.S. dollar index gained 0.4%, buoyed by declines in both the yen and euro.

At the New York spot close: gold climbed $67.70 to $3,948.50; silver jumped $0.48 to $48.08; platinum rose $15.60 to $1,634.90; and palladium surged $53.80 higher to $1,326.80.