The post Gold tests $4,200 amid weak Dollar and yields before US shutdown vote appeared on BitcoinEthereumNews.com.

Gold (XAU/USD) rallies sharply past the $4,200 milestone on Wednesday, as US Treasury yields slip and the US Dollar gives back earlier gains. An improvement in risk appetite has not kept the yellow metal from recovering after falling to $3,886 late October, following a record high near $4,400. At the time of writing, XAU/USD gains close to 2%. Bullion surges nearly 2% despite risk-on mood, fueled by weak US data and expectations of a government reopening The yellow metal seems poised to extend its gains, even though US equity markets are rallying, contrary to what usually happens with Bullion prices. The high probability of a US government reopening after being shut for 43 days seems likely. The US House of Representatives will vote at around 7:00 PM ET, revealed Steve Scalise, leader of the Republicans, to CNBC. At the time of writing, the White House announced that once the government reopens, the October inflation report and Nonfarm Payrolls data might be skipped, according to Press Secretary Karoline Leavitt. Hence, traders would remain leaning on the latest job reports, such as the ADP weekly employment change and the Challenger report. Both prints missed estimates in recent days, indicating that the labor market is deteriorating sharply. Daily market movers: Falling US yields boost Gold prices The US Dollar Index (DXY), which tracks the performance of the American currency against other six, holds firm at around 99.49 up by a modest 0.04%. US Treasury yields are sliding, a tailwind for Gold prices. The 10-year US Treasury note is at 4.12% plummets five basis points. US real yields — which correlate inversely to Gold prices — plunge six bps to 1.768%. ADP revealed on Tuesday that private companies slashed an average of 11,250 jobs a week in the four weeks ending October 25. The…

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Filed under: News - @ November 12, 2025 9:32 pm