New Zealand NZIER Business Confidence (QoQ) down to 18% in 3Q from previous 22%

Oct 6, 2025

Gold blasts past $3,950 as shutdown, uncertainty fuels haven rush

Gold price rallies to a new record high past the $3,900 figure on Monday, hitting $3,970 as the US government continues its shutdown, while investors are pricing in another rate cut by the Federal Reserve (Fed) at the upcoming October 29 meeting. XAU/USD trades at $3,952, up 1.73%, at the time of w

Fed Schmid: The Fed must maintain inflation credibility

The President of the Kansas City Federal Reserve Bank Jeffrey Schmid crossed the newswires on October 6. He delivered hawkish remarks, saying that the Fed must maintain its inflation credibility and stressed that inflation is too high. He added that monetary policy is appropriately calibrated.