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Gold hovers near all-time high on Fed rate-cut bets, US shutdown
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 ADP employment data ahead of non-farm payrolls report has revived Fed-cut bets to weaken the US dollar. Gold has also been given a bump from the U.S. government shutdown,” City Index senior analyst Matt Simpson said. “Futures market positioning continues to ... (full story)
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From finance.yahoo.com | Oct 1, 2025
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 ...
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, ...
Fed's Goolsbee: The immediate impact of the shutdown will be on federal workers who don't get paid on time - Fox News. Fed's Goolsbee: we fly blind without economic data in shutdown. FED'S GOOLSBEE: WE WANT TO BE CAREFUL ABOUT OVERLY FRONTLOADING RATE CUTS. ... Fed's Goolsbee Says Current Data Indicates Unemployment Rate Remains Stable.
