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Gold hits near 3-week peak on rate cut bets, end to US shutdown
Gold extended gains to a near three-week high on Tuesday, helped by growing expectations of another US Federal Reserve interest rate cut in December and signs of an end to the US government shutdown. Spot gold was up 0.7% at $4,142.83 per ounce by 0314 GMT, its highest since October 24. US gold futures for December delivery rose 0.7% to $4,148.50 per ounce. The US Senate passed a deal that would restore US federal funding and end the longest shutdown late on Monday. Key economic indicators such as the US non-farm payrolls report have been delayed due to the federal government shutdown. An end to the shutdown in the ... (full story)
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From finance.yahoo.com | Nov 11, 2025
Gold erased gains as traders weighed the prospect of an imminent end to the US government shutdown and weak jobs data. The record-setting 42-day closure is on a path to end after the Senate passed a temporary funding measure backed by a group of eight centrist Democrats. Reopening the government now depends on the Republican-controlled House, which plans to ...
The record-setting government shutdown appears on course to conclude in a matter of days, with a vote by the House of Representatives looking like the last big step that's needed. That's after the Senate late Monday voted 60-40 in favor of a compromise package in the wake of eight Democratic senators siding with Republicans late Sunday to advance the ...
FED'S MIRAN: POTENTIAL END TO GOVERNMENT SHUTDOWN DOESN'T CHANGE OUTLOOK MUCH Fed's Miran: Data since September suggests Fed should be more dovish than its September view. FED'S MIRAN SAYS INFLATION DATA IS STALE AND IT IS COMING DOWN Fed's Miran: Some of my colleagues are looking at backwards-looking inflation. MIRAN: 50 BPS CUT APPROPRIATE FOR DECEMBER, 25 BPS AT A MINIMUM
