-
Gold Surges Above $3,900 as US Shutdown and Rate Cut Bets Ignite Safe-Haven Demand
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 shows that the ADP reported a 32,000 job loss in September, against a forecasted 50,000 gain. August’s number was also revised into negative territory. This shift confirms a cooling jobs market. The BLS employment report delay further magnifies the impact of ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From vtmarkets.com | Oct 5, 2025
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 ...
From monetamarkets.com | Oct 6, 2025
Precious metals extended their rally at the start of the week, with gold breaking above $3,900 and silver surging past $48.50, marking their highest levels in over a decade. The move came as investors sought stability amid prolonged US political gridlock and shifting expectations for Federal Reserve rate cuts. Meanwhile, OPEC+’s decision to raise output ...
From fxstreet.com | Oct 6, 2025
Gold (XAU/USD) extends its historic run beyond $3,900 on Monday, notching one record high after another as the prolonged United States (US) government shutdown, dovish Federal Reserve (Fed) bets, and renewed political jitters in Europe keep safe-haven demand elevated. At the time of writing, XAU/USD is trading near $3,957 during the American session. The ...
