Gold Rises to New Highs in Asian Trading

The gold price (XAU/USD) continued its upward move on Friday, trading near $4,185 during the early Asian session. This rise comes as traders expect the reopening of the US government to restart the flow of key economic data, strengthening expectations of future interest rate cuts.

US Shutdown Ends After Historic Delay

The longest government shutdown in US history ended on Thursday after President Donald Trump signed a new funding bill. Earlier, the House of Representatives passed the bill in a 222–209 vote, supported mainly by Republicans and a few Democrats.

Market analysts believe that once delayed economic reports are released, they may show weakness in the US job market, which could pressure the US Dollar (USD) and support gold prices, as gold typically benefits when the dollar weakens.

Economic Data Release Expected to Be Limited

White House economic adviser Kevin Hassett confirmed that October’s employment report will be published, but the unemployment rate will be missing due to the shutdown halting the household survey.

Federal Reserve Signals Caution

Comments from key Federal Reserve officials are adding some pressure on gold.

• Boston Fed President Susan Collins said interest rates will likely remain unchanged for some time due to continued inflation risks.

• Atlanta Fed President Raphael Bostic (Wednesday) and Cleveland Fed President Beth Hammack (Thursday) also supported keeping rates steady.

This cautious stance suggests the Fed is not yet ready to commit to faster or deeper cuts.

Market Expectations for December Rate Cut

According to the CME FedWatch Tool, markets now estimate a 51% chance of a 0.25% rate cut in December — down from 62.9% just a day earlier.
Lower expectations for immediate rate cuts could influence short-term gold movements, but broader economic uncertainty continues to support the metal.