Gold prices edged up on Thursday, buoyed by a weaker dollar and a resurgence of safe-haven demand on concerns over a prolonged U.S. government shutdown and uncertainty over the legality of tariffs.

Spot gold was up 0.1% at $3,984.48 per ounce by 11:07 a.m. ET (1607 GMT). U.S. gold futures for December delivery was steady at $3,992.10 per ounce.The dollar fell 0.4% after hitting a four-month high in the previous session, making gold cheaper for other currency holders. Benchmark U.S. 10-year Treasury yields were down 1.6%.

With the U.S. government shutdown and skepticism from U.S. Supreme Court justices on the legality of U.S. President Donald Trump’s sweeping tariffs, “we’re seeing a revival of the haven bid,” said Peter Grant, vice president and senior metals strategist at Zaner Metal

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