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AAAU
New York Post
16 hrs

Stocks drop, gold surges as Wall Street on edge at start of US government shutdown

1. S&P 500 and Nasdaq indexes fell as investors assess government shutdown effects. 2. ADP reported a 32,000 job cut in September, missing forecasts. 3. Gold prices peaked over $3,900, driven by safe-haven demand. 4. Historically, S&P 500 has fared well during government shutdowns. 5. Labor Department shutdown delays key employment data release.

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FAQ

Why Bullish?

AAAU, as an indirect beneficiary, may rise with increasing gold prices amid uncertainty.

How important is it?

Gold's price surge suggests heightened investment in safe-haven assets like AAAU, promising strong interest.

Why Short Term?

Increased demand for gold is likely to affect AAAU's price quickly.

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