09:19 AM EST, 11/12/2025 (MT Newswires) -- Gold traded higher early on Wednesday, rising for the third time in four sessions, despite a higher dollar as momentum buying returns ahead of the reopening of the U.S. government.

Gold for December delivery was last seen up US$18.60 to US$4.134.90 per ounce, the highest since Oct. 24.

Traders are again buying up the precious metal amid strengthening demand for risk assets on the likely reopening of the U.S. government later this afternoon as the House votes on a Senate deal to end the longest-ever shutdown. The resumption of normal operations will also bring fresh economic data from government agencies likely to show weakening employment amid private sector layoffs and the shutdown, which could support another interest rate cut from the Federal Reserve.

"Traders await the government's reopening -- and with it, a wave of economic data likely to cement expectations for another December rate cut amid continued labor-market weakness. US fiscal concerns remain a key and persistent source of support for investors seeking protection," Saxo Bank noted.

The dollar rose early, with the ICE dollar index last seen up 0.19 points to 99.63. Treasury yields fell, with the U.S. two-year note last seen paying 3.572%, down 2.9 basis points, while the yield on the 10-year note was down 4.1 points to 4.08%