Gold soars past $4,000; why the record is a sign of uncertainty – msn/WaPost
“…So far, 2025 has been the best year for gold prices since 1979, when the dollar lost value and global economies were racked by an oil crisis. In an interview with Bloomberg on Monday, Citadel chief executive Ken Griffin said he found the idea of investors starting to view gold as a safer asset than dollar ‘really concerning.’ …
“…Gold also has benefited from a surge of interest from retail traders, who have been able to buy one-ounce gold bars from Costco since 2023.”
Caution: Buying gold is risky – especially for the little guy.
What economic uncertainty?
Carlyle Unveils Proprietary Data Showing Weak US Employment – Bloomberg
“The US Labor Department’s September employment report, whose scheduled release on Oct. 3 was among those that have been postponed since the shutdown began last week, was expected by economists in a Bloomberg poll to show a 54,000 increase in nonfarm payrolls from August’s total of about 159 million. Carlyle estimates that just 17,000 jobs were created, among the weakest results since the US economy emerged from the 2020 recession.”