Markets opened lower Sunday evening as Senate Democrats threatened to withhold support for government funding bills that include DHS funding, pushing government shutdown odds from the teens to 70-80%. This political development sent the S&P 500 down nearly 0.8%, with NASDAQ off 1.1%.

Gold reached new all-time highs above $5,050 while silver traded near $104.70 after breaking through the $100 level. Precious metals momentum remains strong amid dollar weakness, with traders looking for potential pullbacks as entry opportunities.

## Key Events This Week:

* Fed meeting Wednesday (no rate change expected, but Powell's comments on geopolitics and recent subpoenas will be closely watched)

* Major earnings releases: Microsoft, Meta and Tesla on Wednesday; Apple on Thursday

* Potential government shutdown at month-end

* Ongoing geopolitical tensions with Iran

The Bank of Japan may have intervened in currency markets, with reports suggesting the Fed was asked for quotes to facilitate trades as the yen strengthened considerably against the dollar.