Gold climbed to a record above $3,800 an ounce as precious metals surged, boosted by a weaker dollar as investors weighed a potential US government shutdown. Bullion rose as much as 1.4% to an all-time high of $3,812.05 an ounce — eclipsing a peak reached last Tuesday — after notching six straight weekly gains. The dollar fell as investors awaited developments ahead of a planned meeting between top US congressional leaders and President Donald Trump on Monday — a day before federal funding would expire if an agreement on a short-term spending bill can’t be reached. A shutdown would threaten the release of key data including Friday’s payrolls report, which economists expect would show subdued jobs growth in September.
Today’s guests: Rachel Reeves, UK Chancellor, Subitha Subramaniam, Sarasin & Partners Head of Investment Strategy, George Magnus, Oxford University China Centre Research Associate, Anna Leach, Institute of Directors Chief Economist
Chapters:
00:00:00 – The Pulse
00:01:48 – Trump to Meet Democrats to Avoid US Govt Shutdown
00:04:22 – Moldova’s Pro-EU Party Set to Win Election
00:08:40 – Subitha Subramaniam, Sarasin & Partners Head of Investment Strategy
00:15:28 – UK Chancellor Rachel Reeves Speaks to Bloomberg
00:18:17 – UK Doesn’t Need Standalone Wealth Tax, Rachel Reeves Says
00:22:29 – Reeves: Commitments Not to Raise VAT, Income Tax, NI Stand
00:27:05 – China’s Industrial Policy
00:28:21 – George Magnus, Oxford University China Centre Research Associate
00:31:01 – China on Track for $1.2 Trillion Trade Surplus
00:34:22 – Israeli Troops Reach Heart of Gaza City
00:37:34 – Lufthansa Announces Job Cuts
00:43:06 – Anna Leach, Institute of Directors Chief Economist
00:46:18 – Starmer Recasts Premiership as Fight for UK ‘Soul’
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More on Bloomberg Television and Markets
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