-
As the US government shutdown continues, gold prices rise, reflecting increased demand for safe assets
Gold prices reached near $3,882 due to the ongoing US government shutdown and expectations of continued Federal Reserve easing. The ISM Services PMI remained at 50, while S&P Global displayed economic expansion, marking uneven growth. The extended shutdown has led to fiscal uncertainty, prompting traders to bet on dovish positions. In the North American session, gold rose by 0.70%, trading at $3,882 after a daily low of $3,838. The US economic docket was limited, with mixed PMI figures causing minimal impact on gold movements. The lack of data releases, due to the shutdown, left traders focused on Federal Reserve ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From fxempire.com | Oct 5, 2025
Gold (XAU) surged above $3,900 for the first time, driven by a perfect storm of economic fear and monetary easing. The U.S. government shutdown created fresh uncertainty. This event delayed key data releases and damaged investor confidence. As a result, traders rushed to gold as a safe haven. Moreover, the labour market continues to weaken. The chart below ...
From finance.yahoo.com | Oct 5, 2025
Gold rose to another record — closing in on the $4,000 an ounce mark — as the US Federal government shutdown dragged on. Bullion advanced to $3,920.63 an ounce, before paring some gains. The disruption in the US has delayed payroll data, which was due on Friday, making a murky economic outlook even more unclear. With the lack of data, traders are depending ...
From morningstar.com | Oct 5, 2025
The prospects of a further deterioration in the U.S. dollar's value is at the heart of one of the year's most popular trading themes. Investors have turned to assets like gold and bitcoin as a result, and it's a trade that may have more room to run during the federal government's partial shutdown. The so-called debasement trade, which individual investors ...
