{"id":31434,"date":"2025-10-02T03:25:39","date_gmt":"2025-10-02T03:25:39","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=31434"},"modified":"2025-10-02T03:25:39","modified_gmt":"2025-10-02T03:25:39","slug":"gold-near-record-high-on-u-s-shutdown-boost","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/gold-near-record-high-on-u-s-shutdown-boost\/","title":{"rendered":"Gold Near Record High on U.S. Shutdown Boost"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/Image_fx-2025-10-02T112304981-1024x559.png\" alt=\"\" class=\"wp-image-31436\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold traded around $3,860, supported by Fed rate-cut bets and the U.S. shutdown.<\/li>\n\n\n\n<li>U.S. private-sector jobs fell in September, the largest drop since March 2023.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Gold prices hovered near $3,860 per ounce on Thursday, consolidating close to their record high as investors weighed weaker U.S. labour market data and the fallout from Washington\u2019s political gridlock.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Congress blew past a midnight funding deadline, triggering the US government\u2019s first shutdown in nearly seven years \u2014 and the third under President Donald Trump.<br><br>Get the latest on the Daybreak Europe Podcast:<a href=\"https:\/\/t.co\/3nZFUUHs2A\">https:\/\/t.co\/3nZFUUHs2A<\/a> <a href=\"https:\/\/t.co\/cXONvhpu3F\">pic.twitter.com\/cXONvhpu3F<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1973307787187732719?ref_src=twsrc%5Etfw\">October 1, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Expectations that the Federal Reserve will continue easing this year provided firm support for the non-yielding asset.<\/p>\n\n\n\n<p>The ADP employment report showed that <a href=\"https:\/\/www.cnbc.com\/2025\/10\/01\/private-payrolls-declined-in-september-by-32000-in-key-adp-report-coming-amid-shutdown-data-blackout.html\" target=\"_blank\" rel=\"noopener\" title=\"\">U.S. private-sector employment declined<\/a> in September, marking the first consecutive monthly contraction since 2020 and the sharpest drop since March 2023.<\/p>\n\n\n\n<p>The figures reinforced the market\u2019s conviction that the Fed will have to extend its rate-cutting cycle to buffer the slowing economy.<\/p>\n\n\n\n<p>At the same time, the Labor Department confirmed that this week\u2019s nonfarm payrolls report will be delayed due to the government shutdown, depriving the Fed of a critical data point ahead of its late-October policy meeting.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Payrolls at US companies unexpectedly dropped in September, according to ADP Research data released Wednesday: Here\u2019s your Evening Briefing <a href=\"https:\/\/t.co\/LirPDZibX9\">https:\/\/t.co\/LirPDZibX9<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1973512306572112209?ref_src=twsrc%5Etfw\">October 1, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The partial closure of federal offices has raised concerns about the impact on growth, with thousands of jobs now at risk and rising uncertainty fuelling safe-haven demand.<\/p>\n\n\n\n<p>Adding to the backdrop, the Supreme Court\u2019s ruling on the contested status of <a href=\"https:\/\/t.co\/GTkL5nTPbg\" target=\"_blank\" rel=\"noopener\" title=\"\">Fed Governor Lisa Cook<\/a> is seen as easing some institutional concerns, with investors now less worried about a destabilising leadership change. The decision supports expectations of a dovish tilt in policymaking, at least in the near term.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Gold (<strong>XAUUSD<\/strong>) is holding firm near record highs, trading at <strong>3868.16<\/strong>, up <strong>0.09%<\/strong> on the day. The metal continues its strong bullish momentum, extending the impressive rally that began in late August, driven by persistent safe-haven demand, softer U.S. yields, and renewed geopolitical uncertainty.<\/p>\n\n\n\n<p>Technically, the uptrend remains intact. Gold is trading well above its <strong>5-, 10-, and 30-day moving averages<\/strong>, with the short-term averages providing strong upward guidance.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-2-1024x448.jpg\" alt=\"\" class=\"wp-image-31435\" \/><\/figure>\n\n\n\n<p>The breakout above the <strong>3600 resistance zone<\/strong> has now established a higher base, and momentum suggests buyers are preparing to test new highs beyond <strong>3900<\/strong>. Key support rests at <strong>3720\u20133750<\/strong>, followed by the breakout floor at <strong>3327.65<\/strong>.<\/p>\n\n\n\n<p>Momentum indicators reinforce the bullish bias. The <strong>MACD<\/strong> is deeply positive, with the MACD line holding above the signal line, while the histogram continues to print green, showing sustained upward momentum. However, the steep angle of the rally suggests overextension, meaning short-term pullbacks cannot be ruled out as traders book profits.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>In the near term, gold remains a buy-on-dips market, with dips toward <strong>3750\u20133800<\/strong> likely to attract fresh buying interest.<\/p>\n\n\n\n<p>A decisive break above <strong>3900<\/strong> could open the path to the psychological <strong>4000<\/strong> level, but any pullback below <strong>3720<\/strong> would be the first sign of weakening momentum.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*d96fp5*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTczOTYxNzckbzgzJGcwJHQxNzU3Mzk2MTc3JGo2MCRsMCRoMA..*_ga_6XQ8153GYW*czE3NTczODczODQkbzE4MyRnMCR0MTc1NzM4NzM4NCRqNjAkbDAkaDA.*_ga_BG6LYEHPX1*czE3NTczODczODQkbzEzMSRnMCR0MTc1NzM4NzM4NCRqNjAkbDAkaDA.*_ga_7CG6454YR5*czE3NTczODczODQkbzEzMSRnMCR0MTc1NzM4NzM4NCRqNjAkbDAkaDA.*_ga_J8BRGZSREX*czE3NTczODczODUkbzEzMSRnMCR0MTc1NzM4NzM4NSRqNjAkbDAkaDA.*_ga_69Z54R4H9N*czE3NTczODczODYkbzEzMSRnMCR0MTc1NzM4NzM4NiRqNjAkbDAkaDA.*_ga_CY2VCKFC3C*czE3NTczODczODYkbzEzMSRnMCR0MTc1NzM4NzM4NiRqNjAkbDAkaDA.*_ga_TXZ07R2C21*czE3NTczODczODYkbzEzMSRnMCR0MTc1NzM4NzM4NiRqNjAkbDAkaDA.*_ga_17TMGY9BBE*czE3NTczODczODgkbzEzMCRnMCR0MTc1NzM4NzM4OCRqNjAkbDAkaDA.*_ga_2QCC3S2748*czE3NTczODczODgkbzEyOSRnMCR0MTc1NzM4NzM4OCRqNjAkbDAkaDA.*_ga_MWDVVSEVL5*czE3NTczODczODgkbzEyOSRnMCR0MTc1NzM4NzM4OCRqNjAkbDAkaDA.*_ga_EJCVQDC7VT*czE3NTczODczODkkbzEyNSRnMCR0MTc1NzM4NzM4OSRqNjAkbDAkaDA.*_ga_XJ4037XKK6*czE3NTczODczOTEkbzEyNCRnMCR0MTc1NzM4NzM5MSRqNjAkbDAkaDA.*_ga_E7D2PCX624*czE3NTczODczOTEkbzEyMyRnMCR0MTc1NzM4NzM5MSRqNjAkbDAkaDA.\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold steadied close to $3,860 per ounce on Thursday, with U.S. jobs data delays and Fed rate-cut expectations supporting safe-haven flows. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":31436,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6],"class_list":["post-31434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/31434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=31434"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/31434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/31436"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=31434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=31434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=31434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}