{"id":62252,"date":"2023-09-18T00:12:54","date_gmt":"2023-09-18T04:12:54","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/gold-prices-rise-with-fed-meet-government-shutdown-in-focus\/"},"modified":"2023-09-18T00:12:56","modified_gmt":"2023-09-18T04:12:56","slug":"gold-prices-rise-with-fed-meet-government-shutdown-in-focus","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=62252","title":{"rendered":"Gold prices rise with Fed meet, government shutdown in focus"},"content":{"rendered":"
\n

Investing.com– Gold prices rose on Monday as markets bet that the Federal Reserve will keep interest rates on hold this week, while growing fears of a U.S. government shutdown spurred some safe haven demand.<\/p>\n

The yellow metal saw some gains in recent sessions as strong inflation and economic activity data failed to convince markets that a U.S. interest rate hike was imminent. But gains were also limited as the raced to six-month highs on the data.<\/p>\n

Bullion prices are also expected to see some safe haven demand amid concerns over a U.S. government shutdown, as top Republican lawmakers spar over defense spending and broader fiscal spending cuts.\u00a0<\/p>\n

Lawmakers have about two weeks to pass a new spending bill and avert a shutdown.\u00a0<\/p>\n

But historically, gold has seen little gains during past shutdowns. The 2018-2019 shutdown- which was the longest government shutdown in history, only elicited a $20 bump in gold prices over 35 days.<\/p>\n

rose 0.3% to $1,929.32 an ounce, while expiring in December rose 0.2% to $1,950.15 an ounce by 23:49 ET (03:49 GMT). Both instruments notched a 0.3% gain last week.<\/p>\n

Fed set to hold, but higher inflation to elicit hawkish outlook\u00a0<\/h2>\n

The Federal Reserve is broadly expected to keep interest rates on hold at the conclusion of a .\u00a0<\/p>\n

But markets remain wary of the central bank\u2019s outlook, given that recent increases in inflation and resilience in the U.S. economy give it more headroom to raise interest rates further.<\/p>\n

Regardless of another hike, the Fed is widely expected to keep until at least mid-2024. This trend has weighed heavily on bullion prices over the past year, and is likely to limit any major upside in the yellow metal.<\/p>\n

Rising interest rates push up the opportunity cost of investing in non-yielding assets, presenting a weak outlook for metal markets.\u00a0<\/p>\n

Beyond the Fed, central bank decisions in , and are also on tap this week, although only the Bank of England is expected to raise interest rates.\u00a0<\/p>\n

Copper flat amid renewed China jitters\u00a0<\/h2>\n

Among industrial metals, copper prices moved little on Monday amid renewed concerns over major importer China, particularly its property market.<\/p>\n

steadied at $3.7953 a pound, after firming over 2% last week.<\/p>\n

While recent economic indicators showed some signs of a recovery in the world\u2019s largest copper importer, China\u2019s property market faces a new test this week with more bond payments due for embattled developer Country Garden <\/span><\/span> Holdings (HK:).<\/p>\n

Chinese authorities also detained employees of China Evergrande <\/span><\/span> Group’s (HK:) wealth management unit, spurring concerns over renewed government scrutiny towards the property sector.<\/p>\n

The People\u2019s Bank of China is widely expected to keep its loan prime rates at record lows this Wednesday, as it moves to shore up economic growth. But despite stimulative measures, the outlook for China\u2019s property market, which is a key driver of copper demand, remains largely dour.\u00a0<\/p>\n

\u00a0<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investing.com– Gold prices rose on Monday as markets bet that the Federal Reserve will keep interest rates on hold this week, while growing fears of a U.S. government shutdown spurred some safe haven demand. The yellow metal saw some gains in recent sessions as strong inflation and economic activity data failed to convince markets that […]<\/p>\n","protected":false},"author":1,"featured_media":6515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-62252","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nGold prices rise with Fed meet, government shutdown in focus | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Investing.com-- Gold prices rose on Monday as markets bet that the Federal Reserve will keep interest rates on hold this week, while growing fears of a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=62252\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold prices rise with Fed meet, government shutdown in focus | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Investing.com-- Gold prices rose on Monday as markets bet that the Federal Reserve will keep interest rates on hold this week, while growing fears of a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=62252\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-18T04:12:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-18T04:12:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXMPEA8G03Y_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=62252#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=62252\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Gold prices rise with Fed meet, government shutdown in focus\",\"datePublished\":\"2023-09-18T04:12:54+00:00\",\"dateModified\":\"2023-09-18T04:12:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=62252\"},\"wordCount\":486,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=62252#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=62252\",\"url\":\"https:\/\/ifintechworld.com\/?p=62252\",\"name\":\"Gold prices rise with Fed meet, government shutdown in focus | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-09-18T04:12:54+00:00\",\"dateModified\":\"2023-09-18T04:12:56+00:00\",\"description\":\"Investing.com-- Gold prices rose on Monday as markets bet that the Federal Reserve will keep interest rates on hold this week, while growing fears of a\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=62252#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=62252\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=62252#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold prices rise with Fed meet, government shutdown in focus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold prices rise with Fed meet, government shutdown in focus | iFintechWorld","description":"Investing.com-- Gold prices rose on Monday as markets bet that the Federal Reserve will keep interest rates on hold this week, while growing fears of a","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=62252","og_locale":"en_US","og_type":"article","og_title":"Gold prices rise with Fed meet, government shutdown in focus | iFintechWorld","og_description":"Investing.com-- Gold prices rose on Monday as markets bet that the Federal Reserve will keep interest rates on hold this week, while growing fears of a","og_url":"https:\/\/ifintechworld.com\/?p=62252","og_site_name":"iFintechWorld","article_published_time":"2023-09-18T04:12:54+00:00","article_modified_time":"2023-09-18T04:12:56+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXMPEA8G03Y_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=62252#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=62252"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Gold prices rise with Fed meet, government shutdown in focus","datePublished":"2023-09-18T04:12:54+00:00","dateModified":"2023-09-18T04:12:56+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=62252"},"wordCount":486,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=62252#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=62252","url":"https:\/\/ifintechworld.com\/?p=62252","name":"Gold prices rise with Fed meet, government shutdown in focus | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-09-18T04:12:54+00:00","dateModified":"2023-09-18T04:12:56+00:00","description":"Investing.com-- Gold prices rose on Monday as markets bet that the Federal Reserve will keep interest rates on hold this week, while growing fears of a","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=62252#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=62252"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=62252#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Gold prices rise with Fed meet, government shutdown in focus"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/62252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62252"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/62252\/revisions"}],"predecessor-version":[{"id":62253,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/62252\/revisions\/62253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/6515"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}