US Government Shutdown Boosts Gold Prices Amidst Economic Uncertainty
The US is experiencing its first government shutdown since 2018, with the current one starting under President Donald Trump's second term. This constitutional gridlock between Republicans and Democrats in the Senate is sparking concern about economic impacts and boosting gold prices.
Economists are divided on the shutdown's economic effects. While some warn of reduced GDP growth and delayed jobs data, others do not anticipate a major impact. Meanwhile, gold prices are surging due to the shutdown, with investors seeking refuge in this safe-haven asset. Gold prices have been rallying since 2024, and the shutdown is further fueling this trend. The US dollar's pessimism is also contributing to gold's rise. The shutdown could potentially influence future Federal Reserve rate cuts, as key jobs data is being delayed.
The US government shutdown, led by President Donald Trump, is causing political instability that is driving gold prices up. Economists disagree on the shutdown's economic consequences, but gold investors are clearly reacting to the uncertainty.
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