Away From Riskier Equities

Gold prices rose for a fifth-straight day as declines in the equities markets raise more worry over slowing economic growth and U.S. political tensions increased investor appetite for risk-averse assets.

Gold futures for February delivery rose 0.4% to $1,286.60 a troy ounce as of 8:52 AM ET (13:52 GMT).

The precious metal was pushed higher after factory activity in China contracted for the first time in nearly two years, as the U.S-China trade dispute and slowing economic growth has weighed on manufacturing.

Meanwhile, with the government partially shut down for the 12th day. Congress is expected to reconvene on Wednesday, but there are no clear signs that the shutdown will end anytime soon.

Oddly other metals futures were lower with silver futures falling 0.5% to $15.463 a troy ounce. Among other precious metals, platinum decreased 1% to $792.60, while palladium dipped 0.2% to $1,194.70 an ounce.

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