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24m ago

Gold Hits Record While Stocks Climb as Shutdown Threatens Jobs Data

A delayed payrolls release would leave the Fed relying more on private indicators ahead of its Oct. 29 meeting.

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2025. REUTERS/Brendan McDermid
The U.S. Capitol is reflected on a surface, as a looming partial government shutdown is a week away if Congress fails to fund the government, on Capitol Hill in Washington, D.C., U.S., September 24, 2025. REUTERS/Nathan Howard
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Overview

  • Funding must be approved by Tuesday night to avoid a partial U.S. government closure starting Wednesday, with President Trump meeting congressional leaders on Monday.
  • A shutdown could halt publication of the September nonfarm payrolls report and other federal statistics, which analysts say could complicate or slightly delay expected rate cuts.
  • U.S. equity futures rose and the dollar eased in early trading, while gold set new all‑time highs above $3,800 an ounce on safe‑haven demand.
  • Oil prices fell as crude shipments from Iraq’s Kurdistan region resumed via the Kirkuk–Ceyhan pipeline and reports pointed to additional OPEC+ output next month.
  • Traders are focused on a heavy slate of Fed speakers and key releases due this week, with market pricing still pointing to a high probability of an October rate cut despite the shutdown risk.