US EditionGold Hits Record, Dollar Drops as US Shutdown Looms
Gold prices hit a record $3,831 an ounce as the dollar falls amid risks of a U.S. government shutdown delaying key economic data, analysts say market uncertainty is rising.
- The U.S. government faces a shutdown at midnight Wednesday if the Senate fails to pass a House funding bill passed last week.
- The risk stems from Democrats blocking the legislation until funding for soon-to-end health care benefits is included, while Republicans are pushing for a bipartisan agreement.
- President Trump will meet congressional leaders Monday to attempt resolving the impasse as health care workers plan rallies urging funding to avoid closure.
- Gold surged to a record $3,831.19 an ounce amid investor concern over the shutdown, while the dollar fell 0.6% to 148.6 yen on Monday.
- A shutdown could delay key economic data and complicate the Federal Reserve’s October 29 meeting, although analysts expect modest economic impact if brief.
22 Articles
22 Articles
Markets Braced: Shutdown Looms Over Equities and Dollar
Markets Braced: Shutdown Looms Over Equities and Dollar On Tuesday, global markets operated under a cloud of uncertainty, with the dollar slipping and equities showing little movement. Concerns of an impending U.S. government shutdown overshadowed proceedings, driving gold to reach record highs before trading lower. Washington's political stalemate threatens to delay critical job data releases.Market performances were mixed, characterized by fla…
Gold Hits New Record High Again Amid Government Shutdown Fears, Weaker Dollar
Gold prices set a new record high on Sept. 30, hitting $3,871 per ounce, beating the previous high recorded a day earlier. Spot gold prices breached the $3,800 per oz. level for the first time on Monday. On Tuesday, prices went up even higher, but fell subsequently to trade at $3,808 per oz. as of 6:40 a.m. EDT. Gold prices have risen by more than 10 percent this month. The recent surge comes amid a weakening dollar and a potential federal gover…
The Killeen Daily Herald
Gold hits record, dollar drops as US shutdown looms
Gold prices hit another record high, the dollar dropped and stock markets traded mixed Tuesday as traders prepared for a possible US government shutdown that could disrupt the release of key economic data.
Futures, Gold Drop With Hours Left Until US Government Shutdown
Futures, Gold Drop With Hours Left Until US Government Shutdown Futures are lower as we close out the quarter/month, ahead of what is a most likely (80% odds on Polymarket) government shutdown. As of 8:00am ET, S&P and Nasdaq futures are down 0.2% as sentiment sours after Monday’s optimism. Still, on the final trading day of the month, the S&P 500 is on track for its best September since 2010. Pre-market, Mag7 are all lower with Semis mixed; Def…
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