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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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- Oct 1, 2025 10:15pm Posted byFundamental Analysis240
