The record run for gold continues.
Gold futures, which settled above $4,000 for the first time on Tuesday, rose more than 1% on Wednesday morning. Silver prices also rose, bringing them closer to the record set in 1980.
Stock futures rose slightly on Wednesday and the dollar strengthened, particularly against the yen. Longer-term Treasury yields fell slightly ahead of a government auction of 10-year notes, the first since the shutdown.
This afternoon, investors will also receive the minutes of the Federal Reserve’s September policy meeting, where the central bank made its first rate cut of this year. Interest rate futures indicate traders see a 95% chance the Fed will cut rates again this month.
The WSJ Dollar Index reached its highest intraday level since August 1..
French bond yields led global yields to fall following the resignation of the French Prime Minister earlier this week. The euro has weakened.
European steel stocks rebounded after the European Union unveiled plans to cut duty-free imports to the bloc.
