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How to Trade a U.S. Government Shutdown? Stocks Aren’t a Sure Bet while Gold Shines Brighter
TradingKey - The U.S. government officially shut down on October 1 after the Senate once again rejected a temporary spending bill, triggering the first shutdown in seven years. Despite rising political and economic uncertainty, both U.S. stocks and gold hit new all-time highs. Analysts say the
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Thu, Oct 2
WTI extends slide to four-week low as US crude stocks rise; focus shifts to OPEC+ meeting
West Texas Intermediate (WTI) Crude Oil continues to lose ground for a fourth consecutive day on Wednesday, extending the downside correction that began after last Friday’s surge to the highest level since August 4.Silver Price Forecast: XAG/USD remains above $47.00 amid increased safe-haven demand
Silver price (XAG/USD) holds more than 1% gains, trading around $47.15 per troy ounce at the time of writing. The price of the grey metal marked a fresh high of $47.57 during the early Asian hours on Wednesday.Fxstreet
Wed, Oct 1
Gold Price Forecast: XAU/USD stays close to fresh highs above $3,850
Gold price (XAU/USD) continues its winning streak for the fifth successive session, hovering, during the Asian hours on Wednesday, around its fresh all-time high of $3,871 per troy ounce, which was recorded on Tuesday.Fxstreet
Wed, Oct 1
Gold advances as shutdown looms, weak US data fuels rate cut bets
Gold climbs during the North American session on Tuesday yet remains below the record high hit in the Asian session of $3,871. Amid fears of a US government shutdown, jobs data reaffirmed expectations of rate cuts by the Federal Reserve (Fed). XAU/USD trades at $3,846, up 0.35%.Fxstreet
Tue, Sep 30
Gold hits record high on US shutdown fears – Commerzbank
Gold surged to a new all-time high above USD 3,850 per troy ounce, fueled by safe-haven demand amid looming US government shutdown concerns and continued ETF inflows, particularly from North American investors, Commerzbank's commodity analyst Barbara Lambrecht notes.Fxstreet
Tue, Sep 30
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