Gold hits fresh record on US government shutdown

Show notes

The US government has officially shut down after lawmakers failed to agree on funding — and markets are already reacting. The dollar is under pressure, treasury yields are edging lower and safe haven assets including the yen, the Swiss franc and gold are in demand.
But how much do shutdowns really matter for markets? History shows the S&P 500 often shrugs them off — sometimes even gaining during the deadlock. Still, delayed economic data could complicate the picture, especially with US jobs figures in focus this week.
Meanwhile, ADP is set to release its private payrolls report, offering a crucial clue on the labour market while Friday’s official releases risk being stalled.
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