Impact of government shutdowns on gold, stocks, Treasuries and the dollar – StoneX’s O’Connell
From kitco.com
With the U.S. Federal government shutting down for the fifth time in 30 years, it’s valuable to review the causes of the previous shutdowns – and their impacts on gold and other key markets, according to Rhona O’Connell, Head of Market Analysis, EMEA & Asia at StoneX. “This is not a debt ceiling issue this time,” O’Connell wrote in an analysis shared with Kitco News on Wednesday, noting that as the deadline for passing the Appropriations Bills has now passed and no continuing resolution was agreed upon, up to twelve different government agencies are set to lose their funding. “These include, inter alia, USDA, FDA, ...
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