Gold prices rose on Friday, heading for a seventh straight weekly gain amid uncertainty due to the US government shutdown. Bullion held above $3,885 an ounce, close to a record high reached on Thursday. The surge in gold has left it vulnerable to pullbacks, with technical indicators showing it’s been overbought. The government shutdown delayed the release of crucial economic data, making it harder for investors and central bankers to interpret the economy’s direction. Gold has surged 48% this year, hitting all-time highs, supported by central bank buying and interest rate cuts. Silver, platinum, and palladium also saw gains.

Read more at Yahoo Finance: Gold Set for Seventh Weekly Gain as US Shutdown Clouds Rate Path