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More turmoil from the government shutdown can only benefit GLDM!

Gold Rebounds More Than 3% After Sharp Selloff

Feb 3 (Reuters) - Gold rose more than 3% on Tuesday, rebounding from a near one-month low hit in the previous session, as market participants braced for an absence of key economic data this week due...

Gold Rebounds More Than 3% After Sharp Selloff

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Bullion scaled a record high of $5,594.82 on Thursday.</p><p>* The U.S. Bureau of Labor Statistics said on Monday the closely watched employment report for January will not be released this Friday because of a partial shutdown of the federal government.</p><p>* The government partially shut down on Saturday after Congress failed to approve a deal to keep the Labor Department, among other operations, funded. Though the U.S. Senate passed a spending package on Friday, the House of Representatives was out of town.</p><p>* The House was due on Monday to take up legislation, with a final vote expected on Tuesday. House Speaker Mike Johnson has expressed optimism that the shutdown would end within days.</p><p>* The dollar held onto gains on Tuesday as positive economic readings and shifting expectations for Federal Reserve policy outweighed concerns about the partial U.S. government shutdown.</p><p>* A stronger dollar makes greenback-priced gold less affordable for holders of other currencies.</p><p>* Investors expect at least two Fed interest rate cuts in 2026. Non-yielding bullion tends to perform better in low-interest-rate environments.</p><p>* U.S. President Donald Trump on Monday announced a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers.</p><p>* Spot silver rose 5.9% to $84.09 an ounce. It hit a record high of $121.64 on Thursday.</p><p>* Spot platinum added 3% to $2,183.64 per ounce after hitting a record high of $2,918.80 on January 26, while palladium gained 2.7% to $1,765.75.</p><table style=\"border-collapse: collapse;\"><tbody><tr></tr></tbody><tbody><tr><td style=\"text-align: left;\"><p></p></td><td style=\"text-align: left;\"><p><strong>DATA/EVENTS (GMT)</strong></p></td></tr><tr><td style=\"text-align: left;\"><p><strong>0745</strong></p></td><td style=\"text-align: left;\"><p>France CPI (EU Norm) Prelim YY, MM Jan</p></td></tr><tr><td style=\"text-align: left;\"><p><strong>0745</strong></p></td><td style=\"text-align: left;\"><p>France CPI Prelim YY, MM NSA Jan</p></td></tr></tbody></table></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold Rebounds More Than 3% After Sharp Selloff</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold Rebounds More Than 3% After Sharp Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-02-03 09:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Feb 3 (Reuters) - Gold rose more than 3% on Tuesday, rebounding from a near one-month low hit in the previous session, as market participants braced for an absence of key economic data this week due to a partial U.S. government shutdown.</p><h2 id=\"id_3991615238\" style=\"text-align: start;\">FUNDAMENTALS</h2><p>* Spot gold climbed 3.7% to $4,837.16 per ounce by 0120 GMT, after touching a near one-month low in the previous session. Bullion scaled a record high of $5,594.82 on Thursday.</p><p>* The U.S. Bureau of Labor Statistics said on Monday the closely watched employment report for January will not be released this Friday because of a partial shutdown of the federal government.</p><p>* The government partially shut down on Saturday after Congress failed to approve a deal to keep the Labor Department, among other operations, funded. Though the U.S. Senate passed a spending package on Friday, the House of Representatives was out of town.</p><p>* The House was due on Monday to take up legislation, with a final vote expected on Tuesday. House Speaker Mike Johnson has expressed optimism that the shutdown would end within days.</p><p>* The dollar held onto gains on Tuesday as positive economic readings and shifting expectations for Federal Reserve policy outweighed concerns about the partial U.S. government shutdown.</p><p>* A stronger dollar makes greenback-priced gold less affordable for holders of other currencies.</p><p>* Investors expect at least two Fed interest rate cuts in 2026. Non-yielding bullion tends to perform better in low-interest-rate environments.</p><p>* U.S. President Donald Trump on Monday announced a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers.</p><p>* Spot silver rose 5.9% to $84.09 an ounce. It hit a record high of $121.64 on Thursday.</p><p>* Spot platinum added 3% to $2,183.64 per ounce after hitting a record high of $2,918.80 on January 26, while palladium gained 2.7% to $1,765.75.</p><table style=\"border-collapse: collapse;\"><tbody><tr></tr></tbody><tbody><tr><td style=\"text-align: left;\"><p></p></td><td style=\"text-align: left;\"><p><strong>DATA/EVENTS (GMT)</strong></p></td></tr><tr><td style=\"text-align: left;\"><p><strong>0745</strong></p></td><td style=\"text-align: left;\"><p>France CPI (EU Norm) Prelim YY, MM Jan</p></td></tr><tr><td style=\"text-align: left;\"><p><strong>0745</strong></p></td><td style=\"text-align: left;\"><p>France CPI Prelim YY, MM NSA Jan</p></td></tr></tbody></table></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IAUI":"NEOS Gold High Income ETF","GLDM":"SPDR Gold MiniShares Trust","IAUM":"ISHARES GOLD TRUST MICRO","RING":"iShares MSCI Global Gold Miners ETF","UGL":"2倍做多黄金ETF-ProShares","USG":"USCF Gold Strategy Plus Income Fund","BTGD":"STKD Bitcoin & Gold ETF","NUGT":"二倍做多黄金矿业指数ETF-Direxion","GDX":"黄金矿业ETF-VanEck","GBUG":"Sprott Active Gold & Silver Miners ETF","OUNZ":"VanEck Merk黄金股票基金","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","AAAU":"Goldman Sachs Physical Gold ETF","GDXJ":"小型黄金矿业ETF(Market Vectors)","CEF":"Sprott Physical Gold & Silver Trust","DUST":"二倍做空黄金矿业指数ETF-Direxion","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","GLL":"2倍做空黄金ETF-ProShares","PHYS":"Sprott Physical Gold Trust","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","GLD":"黄金ETF-SPDR","IAU":"黄金信托ETF-iShares","SGOL":"Abrdn Gold ETF Trust","BAR":"GraniteShares Gold Shares"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260203:nL4N3YZ023:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2608831817","content_text":"Feb 3 (Reuters) - Gold rose more than 3% on Tuesday, rebounding from a near one-month low hit in the previous session, as market participants braced for an absence of key economic data this week due to a partial U.S. government shutdown.FUNDAMENTALS* Spot gold climbed 3.7% to $4,837.16 per ounce by 0120 GMT, after touching a near one-month low in the previous session. Bullion scaled a record high of $5,594.82 on Thursday.* The U.S. Bureau of Labor Statistics said on Monday the closely watched employment report for January will not be released this Friday because of a partial shutdown of the federal government.* The government partially shut down on Saturday after Congress failed to approve a deal to keep the Labor Department, among other operations, funded. Though the U.S. Senate passed a spending package on Friday, the House of Representatives was out of town.* The House was due on Monday to take up legislation, with a final vote expected on Tuesday. House Speaker Mike Johnson has expressed optimism that the shutdown would end within days.* The dollar held onto gains on Tuesday as positive economic readings and shifting expectations for Federal Reserve policy outweighed concerns about the partial U.S. government shutdown.* A stronger dollar makes greenback-priced gold less affordable for holders of other currencies.* Investors expect at least two Fed interest rate cuts in 2026. Non-yielding bullion tends to perform better in low-interest-rate environments.* U.S. President Donald Trump on Monday announced a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers.* Spot silver rose 5.9% to $84.09 an ounce. It hit a record high of $121.64 on Thursday.* Spot platinum added 3% to $2,183.64 per ounce after hitting a record high of $2,918.80 on January 26, while palladium gained 2.7% to $1,765.75.DATA/EVENTS (GMT)0745France CPI (EU Norm) Prelim YY, MM Jan0745France CPI Prelim YY, MM NSA Jan","news_type":1,"symbols_score_info":{"GDXY":2,"IAU":2,"GBUG":2,"OUNZ":2,"NUGT":2,"RING":2,"GLL":2,"BTGD":2,"IAUM":2,"GDX":2,"GLD":2,"XAUUSD.FOREX":2,"SGOL":2,"AAAU":2,"USG":2,"GDXJ":2,"FGDL":2,"GCmain":2,"GLTR":2,"CEF":2,"UGL":2,"BAR":2,"DUST":2,"IAUI":2,"GLDM":2,"PHYS":2}},"isVote":1,"tweetType":1,"viewCount":97,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":55,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}