The Government Shutdown Is Likely to Cement Additional Fed Interest Rate Cuts

Gold Holds Five-Day Rally on Fed Cut Bets, US Shutdown Concerns

Gold gained — following a five-day rally that saw it reach new records — as the US government shut down and traders added to bets on Federal Reserve interest-rate cuts following weak private payrolls data.

The government shutdown is likely to cement additional Fed interest rate cuts

Chair Jerome Powell and his fellow central bankers likely will err on the side of caution, which would be a bias towards easing.

Dollar falls as traders assess US government shutdown, poor jobs data

Money markets are expecting two further Fed interest rate cuts this year

Shutdown, ADP Data Leads Safe Haven Demand - ADM Investor Services

Precious Metals Gold: Gold futures are higher with prices gaining support from a weaker dollar... The post Shutdown, ADP Data Leads Safe Haven Demand appeared first on ADM Investor Services.

Gold rallies to record high as US shutdown, Fed rate cut bets fuel demand

Gold (XAU/USD) soars to yet another record high on Wednesday, extending its relentless climb as the United States (US) government shutdown fuels safe-haven demand.