Gold prices climbed on Friday as a weaker dollar and U.S. government shutdown uncertainty boosted safe-haven demand. Wall Street indexes faced sharp weekly declines amid concerns over AI stock rallies. Traders are now anticipating a potential Federal Reserve interest rate cut in December.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays