Gold Rises on Safe-Haven Demand After Market Rout

Group 1 - Gold prices increased by 0.5% in early trading, with New York futures reaching $4,086.10 per troy ounce and spot gold at $4,067.43 per ounce, driven by renewed safe-haven demand despite reduced expectations for a December interest-rate cut by the Federal Reserve [1] - Global equity markets experienced declines due to concerns over high valuations, leading to a risk-off sentiment that prompted buying in safe-haven assets like gold [2]