Spot Gold reached up to $3870 per ounce, up 0.95% intraday

BlockBeats News, September 30th, spot gold surged to $3870 per ounce, up 0.95% intraday.

With less than 48 hours before the October 1st deadline for the U.S. government shutdown, Trump met with leaders of both houses of Congress. The two sides did not make progress on issues such as the Democratic Party's demand to extend health subsidies and reverse Trump's cuts to health subsidy plans. Vice President Pence said the U.S. government is "heading for a shutdown." If no agreement is reached, hundreds of thousands of government employees will face unpaid leave, and the release of key economic data will also be disrupted.

The U.S. government shutdown will delay the release of key economic indicators (including the non-farm monthly employment report scheduled for release on Friday) and will at least temporarily furlough hundreds of thousands of federal employees, while other government employees will have to continue to provide essential services without pay. The U.S. Bureau of Labor Statistics announced on Monday that it will not release economic data during a possible shutdown. Trump threatened that if the government shuts down, he will mass dismiss federal employees permanently. If the shutdown becomes a reality, this will be the first U.S. government shutdown since 2018-2019, when government funding was cut off for five weeks during Trump's first term, including the New Year period.