Gold up as dollar hurt by U.S. government shutdown fears

By Maytaal AngelLONDON (Reuters) - Gold prices rose half a percent on Friday as the dollar laboured near a three-year low amid heightened fears of a U.S. government shutdown, but the precious metal was still on track for its first weekly drop in six.The U.S. dollar fell versus a basket of currencies after legislation to stave off an imminent federal government shutdown encountered obstacles in the Senate late on Thursday.

A weak dollar makes dollar-priced gold cheaper for non-U.S. investors.Spot gold was up 0.5 percent at $1,333.51 an ounce.

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