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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)
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- Oct 5, 2025 4:00am Posted byFundamental Analysis273
