Gold Hits Record as US Shutdown Weighs on Dollar: Markets Wrap

Gold rose to a record high and Treasuries held their gains as concerns over a US government shutdown clouded the release of data seen as crucial for determining the path of Federal Reserve interest-rate cuts.

The precious metal climbed above $3,865 an ounce, lifting shares of Asian metals producers. Zijin Gold International Co., a unit of a Chinese miner, surged as much as 66% in its Hong Kong debut. Treasuries were little changed Tuesday after gaining in the prior session while a gauge of the dollar held its losses. Futures pointed to a slightly weaker open for European shares.

Gold’s ...