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Gold On Pace For Its Best Year Since 1979 — But One Analyst Thinks Prices Have Peaked
Gold (GC=F) futures sat near $4,000 per ounce on Friday, remaining steady after last month's sharp sell-off but raising questions over where the precious metal is headed next. Gold is still on pace for its best year since 1979, driven by central bank purchasing and increased inflows into exchange-traded funds (ETFs), bar and coin purchases. But the yellow metal is off roughly 9% from its all-time high north of $4,350 last month. Analysts at Macquarie Group said Thursday they believe gold prices have likely peaked, noting that other central banks began cutting rates ahead of the Federal Reserve, which has remained ... (full story)
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From @RedboxWire|Nov 9, 2025|25 commentsTHE SENATE MAJORITY LEADER THUNE STATES THAT AN AGREEMENT IS NEARLY READY DEMOCRATS ARE READY TO BRING BILLS TO STOP THE GOVERNMENT SHUTDOWN, WITH AT LEAST 10 SENATE DEMOCRATS EXPECTED TO SUPPORT THE PLAN, ACCORDING TO AXIOS
Senate leader says potential shutdown deal coming together but no guarantees The Republican leader in the US senate said a potential deal was “coming together” on the government shutdown but that there was no guarantee it would end an impasse now stretching to 40 days. There have been few signs of progress over the weekend that could be crucial in a funding fight that has disrupted flights nationwide, threatened food assistance for millions of Americans and left federal workers without pay. Top Republicans are working to present a legislative package that would reopen the government into January while also approving full-year funding for several parts of government.
Deal Reportedly ‘Within Reach’ to End Government Shutdown A deal is reportedly “within reach” to end the 40-day long government shutdown — according to a new report from Axios. The Axios report — citing sources from both parties — said that Senate Democrats are prepared to advance a package of bills to bring an end to the standoff. The procedural motion which would set up votes on these bills is expected to be supported by at least 10 Senate Democrats, per Axios — which adds that the deal would include a vote on extending Obamacare tax credits in December. The ramifications of the shutdown have begun to ramp up in recent days. The disruption to the Supplemental Nutrition Assistance Program (SNAP) has impacted 42 million Americans who receive SNAP benefits. And airport delays have begun to pile up — as there is a shortage of air traffic controllers due to the fact they have not been paid.
From post-gazette.com|Nov 9, 2025|2 commentsTreasury Secretary Scott Bessent said President Donald Trump’s suggestion that Americans may receive a tariff “dividend” of at least $2,000 could come via the tax cuts passed in ...
From msn.com|Nov 9, 2025|1 commentFederal Reserve Bank of New York President John Williams cautioned that financial stress among lower- and middle-income households could erode the U.S. economy’s strength, even as ...
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From thehill.com|Nov 9, 2025|3 commentsThe Supreme Court is now weighing whether President Trump’s tariffs, which hinge on a specified economic emergency power, can remain intact. It leaves one of his biggest policy ...
From mohamedelerian.substack.com|Nov 9, 2025Two broad themes dominated last week’s economic and market developments: mounting pressure on previously impressive US economic growth and new bouts of investor anxiety over stock ...
From @cnnbrk|Nov 9, 2025|18 commentsThe Senate has reached a bipartisan deal to extend government funding, in a major sign the shutdown is poised to end TRUMP: “LOOKS LIKE WE’RE GETTING VERY CLOSE TO THE SHUTDOWN ENDING.”
Shutdown end in sight as centrist Democrats back Senate stopgap deal to reopen government The U.S. government shutdown appeared close to ending after a group of centrist Senate Democrats agreed to support a stopgap deal to reopen key agencies and provide temporary funding. • Under the proposal, federal employees would receive back pay and states would resume delayed federal transfers. • The measure would fund certain departments through January 30, while others would receive full-year appropriations. However, the bill faces a tough path in the House. Democratic leaders have spoken out against the compromise, arguing it concedes too much to Republicans. At the same time, conservative GOP lawmakers are pushing for a broader package that would fund the entire government through September 30, setting up another potential standoff. The agreement marks the most serious bipartisan effort yet to end the protracted shutdown, though the political divisions underscore the difficulty of reaching a lasting budget deal.
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- Nov 9, 2025 3:50pm Posted byFundamental Analysis246
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