Gold prices rose as global growth risks from Russia-Ukraine tensions weighed on investors. Optimism for a Fed rate cut wavered due to economic uncertainty following the US government shutdown. Traders now split on a December rate cut after previously expecting one. Gold’s correlation to risk assets may be shifting, with increased volatility and a potential “gamma squeeze” driving prices higher. Despite recent fluctuations, gold remains up 55% this year, attracting interest from central banks and investors seeking a safe-haven asset.

Read more at Yahoo Finance: Gold Falls as Bets on Fed Cut Waver With Data Gap Clouding View