The dollar index fell by -0.06% to a 1-week low due to the US government shutdown and weak labor market news. The chance of a Fed rate cut at the October FOMC meeting is now 100%, negatively impacting the dollar. However, the dollar recovered slightly after a rise in the Sep ISM manufacturing index.

US Sep ADP employment change unexpectedly fell by -32,000, the largest decline in 2.5 years. Additionally, Aug ADP employment was revised lower to -3,000.

EUR/USD rose by +0.02% to a 1-week high, supported by dollar weakness, upward revision to Eurozone Sep S&P manufacturing PMI, and acceleration of Eurozone consumer prices in Sep CPI report.

The yen rallied against the dollar to a 2-week high after the US government shutdown, positive Japanese economic news, and lower T-note yields due to weak US Sep ADP employment report.

December gold and silver prices closed higher on Wednesday, reaching contract highs due to a weaker dollar, US government shutdown, and increased safe-haven demand.

Precious metals receive safe-haven support amid US tariffs, geopolitical risks, and Fed independence concerns, fueling demand for gold and silver.

Precious metals prices continue to be supported by fund buying of precious metal ETFs, with gold and silver holdings reaching multi-year highs.

Read more at Yahoo Finance: Dollar Slips and Gold Rallies to a Record High as the US Government Shuts Down