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Gold Erases Gains as Traders Weigh an End to Shutdown, US Jobs Data
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 return to Washington Wednesday. Meanwhile, US companies shed 11,250 jobs per week on average in the four weeks ended Oct. 25, according to data released Tuesday by ADP Research. The figures suggest the labor market slowed in the second half of October. Traders ... (full story)
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From brecorder.com | Nov 11, 2025
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 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 ...
From finance.yahoo.com | Nov 11, 2025
Gold traded steady, consolidating three days of growth, as traders weighed the imminent restart of the US government and the prospect of further interest-rate cuts in a subdued labor market. Bullion rose above $4,145 an ounce in early trading on Wednesday, before paring gains. Data from ADP Research showed US companies shed 11,250 jobs per week on average ...
