US EditionGold Hits Record, Stocks Mixed as US Shutdown Looms
Gold prices jumped nearly 50% this year as investors seek safety amid US government shutdown risks and Federal Reserve interest rate cut expectations, hitting a record near $3,865 an ounce.
- Tuesday, gold rose to a record high while U.S. Treasury securities held gains amid growing worries about a possible United States government shutdown.
- With the Oct. 1 funding deadline looming, President Donald Trump met congressional leaders Monday but talks left 'large differences', and Vice President JD Vance said he expects a shutdown.
- Gold trading above $3,860 an ounce, Kathy Jones warned, as the Bureau of Labor Statistics would pause operations and likely delay Friday's payroll report.
- Zijin Gold International's IPO raised more than $3 billion and surged 66% in its Hong Kong debut, boosting shares of Asian metals producers.
- Gold's steep yearly surge positions it for historic gains as gold is up about 47% this year amid shutdown worries and Federal Reserve rate-cut expectations.
64 Articles
64 Articles
US shutdown takes effect: Gold price, bond yield to US dollar — how it will impact your investment returns?
The US government has shut down after failing to extend federal funding, impacting global markets. Gold prices surged amid the crisis, raising concerns over the dollar's strength. Indian investors are advised to diversify their portfolios amidst volatility and shifting investor behavior.
Asian Markets Rise, Gold Hits Record as U.S. Shutdown Looms; Oil Slips
Asian stocks edged higher on Tuesday and gold extended its record ascent as investors braced for a possible U.S. government shutdown that could delay the release of critical economic data. The dollar softened while the Australian dollar gained after the central bank held rates steady. Oil prices fell on expectations of increased OPEC+ supply and […] The post Asian Markets Rise, Gold Hits Record as U.S. Shutdown Looms; Oil Slips appeared first on…
Newsbug.info
Gold hits record, stocks mixed as US shutdown looms
Gold hit another record Tuesday, while equity markets were mixed as traders prepared for a possible US government shutdown that could affect the release of key economic data, though hopes for more Federal Reserve interest rate cuts provided support.
Gold Hits Record as US Shutdown Weighs on Dollar: Markets Wrap
(Bloomberg) -- Gold rose to a record high and Treasuries held their gains as concerns over a US government shutdown clouded the release of data seen as crucial for determining the path of Federal Reserve interest-rate cuts.
InsideNoVA.com
Stocks rise, gold hits record as rate cuts and shutdown loom
Equities rallied for a second day and gold hit another record Tuesday on growing Federal Reserve interest rate optimism, though traders were preparing for a possible US government shutdown that could affect the release of key economic data.
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