Gold Surges on Shutdown End, Economic Data Release
Update: 2025-11-11
Description
Gold prices surged on November 11th, marking their biggest daily increase since May, as investors anticipate further interest rate cuts and a potential restart of federal operations. This could lead to the release of long-delayed economic data, which may show a worsening outlook, prompting the central bank to ease monetary policy further. Golds appeal as a safe haven was also boosted by economic risks associated with proposed tariff dividends and higher inflation. Despite a slight pullback, gold is on track for its best annual performance since 1979, with a gain of over 55% this year, driven by increased central bank buying and greater investment in exchange-traded funds.
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