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Gold Holds Five-Day Rally on Fed Cut Bets, US Shutdown Concerns
Gold steadied — following a five-day rally that saw it reach successive records — as the US government shutdown began and traders added to bets on Federal Reserve interest-rate cuts following weak private payrolls data. Bullion traded near $3,860 an ounce, about $35 below a peak set on Wednesday, with the suspension in federal operations threatening to create a blackout in crucial economic figures that the Fed needs to make rate decisions. That’s left economists, traders and policymakers more reliant on non-government data, like Wednesday’s ADP Research print, which showed a sharp decrease in private-sector ... (full story)
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From brecorder.com | Oct 2, 2025
Gold prices held steady on Thursday, hovering near the record high hit the day before, helped by expectations of further U.S. rate cuts and political uncertainty. Spot gold held its ground at $3,866.05 per ounce, as of 0357 GMT, after hitting an all-time high of $3,895.09 on Wednesday. U.S. gold futures for December delivery eased 0.2% to $3,891.40. “Weak ...
If any doubts remained about whether the Federal Reserve will be lowering its key interest rate later this month, the budget loggerheads a few blocks away in the nation’s capital may have cemented the move. Particularly if the impasse stretches out past a few days, Chair Jerome Powell and his fellow central bankers likely will err on the side of caution, ...
From fxstreet.com | Oct 1, 2025
Gold (XAU/USD) soars to yet another record high on Wednesday, extending its relentless climb as the United States (US) government shutdown fuels safe-haven demand. At the time of writing, XAU/USD is trading around $3,870 during the American session, after peaking at a fresh all-time high near $3,895. The US government officially entered a shutdown early ...
