Energy Markets
Gold hits record price as US Government Shuts Down
Wall Street futures dropped, gold reached a new record high, and the dollar weakened on Wednesday, as the U.S. Government shut down most of its operations. This could delay the release of important jobs data, which may muddy interest rate forecasts. The government shutdown is not expected to end soon, as there's no way out of the funding impasse. Furloughs of 750,000 federal employees at $400 million per day are also likely. S&P 500 and Nasdaq Futures both fell by about 0.6% on Wednesday. Gold prices rose to $3,895 per ounce in a third consecutive session, reaching a new record....