Gold Surges Past $4,000 Amidst US Shutdown; Businesses Look Ahead to Innovation and Growth
Gold prices have surged above USD 4,000, driven by the US government shutdown and global market uncertainty. Meanwhile, business leaders and investors are looking ahead to various events and trends shaping the global stock market today.
Martin Newman, a renowned business strategist, will delve into the future of consumer behaviour and business growth at an upcoming conference. In the Middle East, Saudi corporations are capitalising on strong demand, issuing Sukuk and bonds to raise funds.
The New York Climate Week 2025, themed 'Future Forward', will focus on innovative solutions to tackle climate change. Europe's venture-capital market is also showing renewed optimism, buoyed by recent investments and start-up success stories.
On Wall Street, the Dow Jones' uptrend structure remains robust, with analysts predicting further growth. Tech company Nscale has raised $433 million in a pre-Series C SAFE round, demonstrating investors' appetite for tech innovations. Trent Gillespie, a tech entrepreneur, will share his AI-driven business growth strategies at a forthcoming event.
This week, market watchers are keeping an eye on the US shutdown, the Federal Open Market Committee's minutes, and big tech companies' earnings. However, the EU's steel tariff protectionism is raising concerns about its impact on global trade.
As the US shutdown continues, gold prices remain elevated, reflecting investors' risk aversion. Despite these challenges, business leaders and investors are looking ahead, with a focus on innovation, sustainability, and growth opportunities. The global stock market today's resilience will be tested in the coming months, with various events and trends shaping its trajectory.
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