Trump on the US Shutdown
President Donald Trump shifted the blame in the shutdown fight to Democrats, pressuring them to drop the objection and vote for a republican backed bill—a.k.a. ask to agree to their proposal. And once the bill is passed and signed by President Donald Trump, the shutdown will also end immediately, and the data, including the nonfarm payroll, unemployment rate, and even average hourly earnings, will also be released as per pre-scheduled (October 10, 2025) as well.
However, right after a few hours, the White House also released its statement, saying that “Democrats voted again to keep the government shutdown.” All of these are also sending a pessimistic outlook for the market as uncertainty remains unsolved.
- So if the US shutdown continues to prolong, → gold price will also likely rise.
- But if they agree the bill passed → gold will likely drop in the short term.
The ceasefire talks in Egypt
According to an Al Jazeera source, many reported that this ongoing talk between Israel and Hamas on the potential hope of hostage release seems to lean on the positive side. However, Trump has not fully disclosed any other information yet, as the talk still proceeds as we speak.
→ Ceasefire is negative news for the gold price—potentially gold down in the short-term.
