📌 Gold climbs as U.S. votes to end government shutdown
Gold prices rose more than 1% on Wednesday ahead of a key vote to end the prolonged U.S. government shutdown.
Spot gold gained 1.3% to trade at $4,179.12 per ounce, the highest level since the week of October 20.
Investors are betting that once the shutdown ends, the release of official economic data will resume, supporting risk sentiment.
U.S. equities also moved higher for the same reason.
Gold is up more than 55% year-to-date, helped by strong central-bank buying and a low-rate environment.
Some analysts now expect gold to reach $5,055 per ounce by Q4 2026, marking the strongest yearly performance since 1979.
📌 Supreme Court case involving Fed Governor Cook could fuel the next $500 gold rally – StoneX’s O’Connell
Concerns that the Federal Reserve’s independence could be weakened have been a key driver behind gold’s record highs.
One market strategist argues that these political and monetary-policy risks could add another $500 to the gold price.
This underscores how sensitive gold sentiment is to changes in Fed policy.
The greater the uncertainty around the Fed, the stronger the demand for gold as a safe-haven asset.
📌 S&P 500-to-gold ratio near key support may signal a new trend – Bloomberg’s McGlone
Markets still expect the Fed to deliver further rate cuts and inject more liquidity into the global financial system.
These expectations are supporting both gold and U.S. equities.
Analysts note that the S&P 500/gold ratio is approaching a major support zone.
According to Bloomberg strategists, this level could become the starting point for a new uptrend in gold.
For medium- to long-term investors, this is seen as a positive signal for the gold market.
📌 Bullish charts drive strong gains in gold and silver
Gold and silver have shown a sharp rally in recent sessions.
Both metals hit three-week highs in U.S. trading on Wednesday.
Silver climbed to levels close to its all-time high.
The surge has been driven by ongoing bullish technical signals that attracted fresh buying.
Investors expect short-term demand for both metals to remain firm, with risk appetite returning to the broader precious-metals space.
📌 China moves to shield rare earths from U.S. military use – WSJ
China has decided to partially loosen its export controls on rare earths, but will keep tight restrictions on shipments to U.S. military contractors, the Wall Street Journal reports.
Beijing is preparing a new license regime that will allow companies not linked to U.S. defense firms to obtain export approval for rare earths and other sensitive materials more quickly under a “Verified End User (VEU)” system.
The move is aimed at protecting China’s national security interests while still honoring existing trade commitments with the United States.
However, if the rules are strictly enforced, manufacturers in the U.S. and Europe could face higher hurdles in sourcing critical raw materials from China.
📈 Gold Analysis
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