Wall Street Breakfast Gold extends record run
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Sep 29, 2025 Gold prices soar to record highs thanks to a weaker dollar and fears of a potential government shutdown. The SEC is moving quickly on a proposal to transition to semiannual reporting, sparking discussions on market transparency. Boeing and machinists are back at the negotiation table with a federal mediator. Exciting trends are emerging on Wall Street, including new leaders beyond the Magnificent Seven and the expansion of AI investments. Plus, a preview of key financial events and market movers you won't want to miss!
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Gold Rises On Weaker Dollar
- Gold hit a fresh record above $3,800 as the dollar weakened amid U.S. government shutdown fears.
- Softer payrolls and a weak greenback could make rate cuts likelier, boosting precious metals demand.
Silver Climbs To Multi‑Year High
- Silver climbed to its highest level since 2011, reflecting broader precious metals strength.
- Investors see a weak dollar and potential softer jobs data as tailwinds for metals prices.
Dollar Weakness Linked To Political Risk
- The dollar's weakness is tied to uncertainty around a meeting between congressional leaders and President Trump.
- A softer dollar boosts metals and could alter Fed policy calculus if payrolls data are delayed or weak.