Gold has risen for five consecutive days! The end of the government shutdown and expectations of a rate cut by the Federal Reserve have combined to push gold prices back above $4,200.

Notice that, following the resumption of operations of the US federal government, traders will shift their focus to the prospects of the Federal Reserve interest rates, and the price of gold has seen an increase. After US President Trump signed a bill to end the longest government shutdown in history, the price of gold approached $4,215 per ounce, climbing for the fifth consecutive trading day. However, the White House has warned that official employment and inflation data for October are unlikely to be released. Key data missing, gold prices remain stable The lack of data during the government shutdown has led investors to assess the condition of the world's largest economy as "flying blind," or relying only on private statistical data. Gold rose this week partly because the market expects the Federal Reserve to further cut interest rates after the government resumes operations, which is a positive for interest-less gold. But policymakers are divided on whether there is a need to further reduce borrowing costs. Atlanta Fed President Bostic and Boston Fed President Collens both lean towards maintaining stable rates to curb inflation. Analysts at TD Securities noted in a report: "The absence of official economic data and concerns about the extent of monetary policy constraints have led to confusion in market expectations for the December Fed meeting. Data can settle disputes, while the lack of data will strengthen inherent policy views." Gold has risen nearly 60% this year, on track for its best annual performance since 1979. Central banks around the world are increasing their buying power to seek value storage and asset diversification, while investors are buying gold to hedge against the increasing financial uncertainty in some of the world's major economies. Although concerns about this rapid and fierce rally have caused the price of gold to retreat from the record high of over $4,380 per ounce set last month, some investors predict that gold prices will rise again to $5,000 per ounce or even higher next year. China has been a leader among central bank buyers, supporting its goal of building a world with less reliance on the US-centric financial markets. As of the time of writing, gold has risen by 0.5% to $4,214.57 per ounce. The Bloomberg dollar spot index is stable. Silver prices are approaching record highs, while platinum and palladium are also rising in sync.