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Gold prices rebounded from a two-month low amid a weakening dollar and stronger euro .
The European single currency rose after ECB President Mario Draghi said that the stoppage of work of the U.S. government is a threat to the recovery of the U.S. and global economies.
Draghi said that in his possession is " a number of" tools ready for use , if necessary, to support the European economy. But , in spite of the fact that Draghi called dynamic European economy " weak , uneven and unstable ," he declared about any new stimulus measures , such as providing more cheap loans to banks to spur lending and spending.
On Tuesday, the U.S. government suspended its work because of the differences in the budget , which led to the closure of some of the administrative agencies and the provision of unpaid leave almost a million civil servants.
Draghi reiterated his recent comments that the ECB intends to open another long-term line of credit to banks if the interest rates at which banks lend to each other, will exceed the levels which , in the opinion of the ECB, are appropriate.
The cost of the October gold futures on COMEX today rose to $ 1321.00 per ounce.
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