Energy Markets
Gold hits record price as US Government Shuts Down
Wall Street and dollar fell on Wednesday. Gold reached a new record high. The U.S. Government shut down most of its operations delaying the release crucial employment data that could cloud the outlook for interest rates. The U.S. data on private payrolls showed that employment in the U.S. fell by 32,000 jobs last month. This was against expectations of a 50,000 increase. It added to fears that the U.S. labor market could be weakening. The government shutdown has muddied the outlook this week. While weak employment numbers would normally add to bets for interest rate reductions that could support the...