The Rundown Gold Hits Record High, Electronic Arts to Go Private at $55B Valuation
20 snips
Sep 29, 2025 The stock market sees intriguing shifts as inflation and consumer spending come into play. A looming government shutdown may delay crucial jobs reports, raising questions about economic stability. Gold prices are surging to record highs, driven by strong ETF inflows and central bank purchases. In tech news, Electronic Arts is set to go private for a staggering $55 billion amidst industry consolidation. Plus, insights on Kellogg's acquisition by Ferrero and concerns over Novo Nordisk's prescription slowdown add to the market's drama.
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Mixed Economic Signals
- The economy shows mixed signals: cooling job growth but steady consumer spending for now.
- A stronger-than-expected jobs report could both boost markets and reduce the chance of Fed rate cuts.
Monitor Shutdown Timing
- Watch the timeline for a potential government shutdown that could delay economic data releases.
- Stay alert to legislative risk this week because a shutdown could change market-moving reports.
Gold Rally Drivers
- Gold has surged 45% year-to-date and topped $3,800 as investors seek safe havens amid geopolitical and political risks.
- Central bank buying plus ETF inflows and record hedge fund holdings are reinforcing the rally and driving prices higher.