LondonDecember gold futures jumped 3% to $4,062 an ounce.
A divided Washington adds to an Iran war that has helped lift oil 70% this year.
Treasury yields fell, with analysts expecting Democratic oversight to restrain spending and Trump’s $5,000 check promise to lapse.
Escalation “could hurt both stocks and bonds at the same time,” said RBC BlueBay’s Mike Bell.
Congress faces an 11 December funding deadline, and the Bureau of Labor Statistics publishes US inflation on 10 November.
How each outlet framed it
- Aol
- ties the gold move to the Iran war's oil above $100 and the risk of a Trump escalation hitting stocks and bonds together
- TASS
- gives the Comex gold and silver prints in Moscow time, with silver up 4.33% to $51.905