Bloomberg Surveillance Single Best Idea: Henrietta Treyz & Aakash Doshi
Oct 1, 2025
In this insightful conversation, explore the looming government shutdown and its effects on governance and careers. Henrietta Treyz highlights the structural tensions leading to this inevitability. Transitioning to the gold market, Aakash Doshi reveals predictions of prices soaring to $4,000/oz, while discussing consumer hoarding trends in India and China that are supporting price stability. Discover how gold's price movements differ from other commodities, emphasizing its unique demand dynamics.
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Shutdown Seen As Inevitable
- The U.S. faces a deep political impasse that made a government shutdown likely this cycle.
- Henrietta Treyz sees the shutdown as inevitable now or by November given rising acrimony and departures.
Social Security Staff Working Without Pay
- A large share of Social Security workers will work without pay during the shutdown, creating real operational strain.
- Tom Keene highlights that 88 percent of Social Security employees would work without a paycheck.
High Price Level With Unsustainable Volatility
- Prices could reach and clear $4,000 per ounce, but the rapid run-up may not persist.
- Akash Doshi expects the level to hold into Q4 but predicts the current volatility will calm.