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Gold Trades Steady as Market Prepares for US Government Restart
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 in the four weeks ended Oct. 25, reinforcing concerns about weakness in the American labor market. This could enhance the prospect of further rate cuts — a positive for gold, which doesn’t pay interest. But investors are also awaiting a flurry of official data ... (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 ...
From kitco.com | Nov 11, 2025
The gold market continues to see follow-through buying as prices hold above $4,100 an ounce, even as U.S. geopolitical tensions ease following the Senate’s passage of new funding legislation to end the longest government shutdown in history. Although Congress has resolved one geopolitical issue, analysts note that there is still plenty of uncertainty to ...
The weekly data from ADP is turning into a market mover. The initial report showed a healthy +14,250 jobs but skip ahead two weeks and it's now showing a drop of 11,250K per week on average for the past four weeks. That should translate into a poor reading, though ADP itself reported +42K jobs in October. I'm not sure how to square that but today's ADP ...
