Gold extends record run
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 29 September 2025
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | It's so great to have you here on this Monday, September 29th. I'm Julie Morgan. |
| 0:14.0 | Gold rises on a weaker dollar and policy worries. The SEC speeds up a push for semi-annual reporting, and Boeing returns to the table. |
| 0:25.5 | Gold has hit a new record. This morning, it is above $3,800 an ounce boosted by a weaker dollar, |
| 0:32.3 | as traders weigh the risk of a potential U.S. government shutdown that could delay key jobs data and cloud the |
| 0:39.2 | Federal Reserve's policy outlook. As of the time of this recording, gold is up 1.2% to a record |
| 0:46.2 | high of $3,815 an ounce, surpassing last Tuesday's peak after six consecutive weekly gains. Silver climbed to its highest |
| 0:56.3 | level since 2011, up 1.8 percent to 4691 in ounce. The dollar has weakened as investors are |
| 1:04.6 | awaiting a key meeting between congressional leaders and President Trump. A softer greenback |
| 1:10.2 | boost demand for precious metals |
| 1:12.1 | while weaker payrolls could strengthen the Fed's case for rate cuts in October. |
| 1:17.9 | Paul Atkins, the chair of the SEC, is fast-tracking President Trump's proposal to allow |
| 1:23.3 | semi-annual corporate reporting instead of the current quarterly requirement. He wrote in an op-ed |
| 1:29.3 | in the Financial Times that it's time for the SEC to remove its thumb from the scales and allow |
| 1:35.2 | the market to dictate the optimal reporting frequency based on factors such as investor expectations, |
| 1:42.2 | the size of the company, and the industry. He goes on to say that |
| 1:46.4 | giving companies the option to report semi-annually is not a retreat from transparency. Instead, |
| 1:52.4 | it puts a renewed focus on market-driven disclosure practices that favor the interests of |
| 1:57.7 | companies and their investors over prescriptive regulatory mandates. |
| 2:02.4 | Atkins also took a swipe at Europe's recent corporate sustainability directives, |
| 2:07.6 | saying these regulations require the disclosure of matters that may be socially significant, |
| 2:12.7 | but not financially material. |
... |
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