Gold steadied in Asian trading on Thursday, consolidating the prior day\u2019s jump as a softer U.S. dollar and lingering uncertainty from the prolonged U.S. government shutdown underpinned haven demand. Spot bullion edged up 0.2% to $3,988.79\/oz<\/strong> by 00:37 ET (05:37 GMT), while U.S. gold futures<\/strong> ticked 0.1% higher to $3,995.70<\/strong>. The metal rose 1.3%<\/strong> on Wednesday amid a global risk-off tone sparked by renewed fears of a tech-led equity bubble.<\/p>\n\n\n\n A modest retreat in the U.S. Dollar Index<\/strong> (\u22120.2% in Asian hours) removed some immediate pressure on non-yielding assets, helping gold hold just shy of the $4,000<\/strong> threshold. Wall Street\u2019s rebound the day before cooled nerves around stretched valuations, but the **shutdown\u2014now the longest on record\u2014**continues to cloud visibility. With several official reports suspended, traders are leaning on private indicators to infer the health of the U.S. economy.<\/p>\n\n\n\n One such proxy, ADP<\/strong>, showed +42,000<\/strong> private jobs in October\u2014roughly double consensus\u2014nudging markets away from expecting a December Fed cut<\/strong>. Higher-for-longer policy rates typically weigh on gold via stronger real yields, partially offsetting haven inflows tied to policy and macro uncertainty. Investors are also monitoring U.S. Supreme Court<\/strong> hearings on the legality of emergency-powers tariffs, a case with potential long-tail implications for trade, supply chains, and inflation.<\/p>\n\n\n\n Strategists remain cautiously constructive. ING said structural supports\u2014central-bank buying<\/strong> and safe-haven demand\u2014remain intact despite recent pullbacks, while acknowledging that any durable easing in trade tensions has yet to translate into broader geopolitical calm.<\/p>\n\n\n\n Elsewhere in metals, price action was subdued. Silver<\/strong> added 0.2%<\/strong> to $48.12\/oz<\/strong>, platinum<\/strong> was flat near $1,564.60\/oz<\/strong>, and copper<\/strong> firmed on both venues (LME $10,771.20\/t, +0.4%<\/strong>; COMEX $5.02\/lb, +0.6%<\/strong>), helped by the marginal dollar dip.<\/p>\n\n\n\n Outlook:<\/strong> Near term, bullion\u2019s path hinges on the balance between resilient labor signals and the data vacuum created by the shutdown. A sustained break above $4,000<\/strong> would signal fading downside momentum; absent a clearer dovish turn from the Fed or fresh geopolitical stress, rallies are likely to meet supply into the low-$4,000s.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold steadied in Asian trading on Thursday, consolidating the prior day\u2019s jump as a softer U.S. dollar and lingering uncertainty from the prolonged U.S. government shutdown underpinned haven demand. Spot bullion edged up 0.2% to $3,988.79\/oz by 00:37 ET (05:37 GMT), while U.S. gold futures ticked 0.1% higher to $3,995.70. The metal rose 1.3% on …<\/p>\n","protected":false},"author":9,"featured_media":110167,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[7583,6885,7603,7740],"class_list":["post-120643","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-commodities","tag-fed","tag-gold-prices","tag-rate-cut"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120643"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120643\/revisions"}],"predecessor-version":[{"id":120644,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120643\/revisions\/120644"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/110167"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}