07:14 AM EDT, 10/16/2025 (MT Newswires) -- Gold extended its rally on Thursday, with gold futures for December delivery last up 1.3% at $4,257.50 per troy ounce and spot gold gaining 0.8% to $4,243 an ounce.

Investors are turning to the safe-haven asset amid the ongoing US-China trade tensions and a US federal government shutdown, with prospects of Federal Reserve interest rate cuts further boosting demand.