Gold Advances With Weakening US Economy Aiding Haven Demand [Yahoo! Finance Canada]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance Canada
“When the shutdown risk fades, investors often turn their attention back to the Federal Reserve's policy outlook,” said Vasu Menon, an investment strategist at Oversea-Chinese Banking Corp. “If ending the shutdown means the government can release delayed economic data, it gives the Fed room to ease policy sooner if the data shows slowing growth.” Gold has retreated around 8% since hitting a record high above $4,380 an ounce in mid-October. It's still up more than half this year, however, and most of the factors that have propelled the blistering rally — heightened economic and geopolitical uncertainties and elevated central bank and retail buying — are still in place. Spot gold rose 1.1% to $4,045.96 an ounce as of 9:26 a.m. Singapore time. The Bloomberg Dollar Spot Index was steady. Silver, platinum and palladium all advanced. Most Read from Bloomberg Businessweek ©2025 Bloomberg L.P.
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