Gold heads north in Asia as American shutdown weighs on greenback views

Gold heads north in Asia as American shutdown weighs on greenback views

On Monday, gold added moderately in Asia, with the market waiting for word on a probable deal for a Senate vote to cope with the American government shutdown, which has weighed on the evergreen buck and drove interest in greenback-denominated commodities, including gold.

February delivery gold futures added 0.03% being worth $1,333.50 a troy ounce in New York.

On Saturday, the American government shutdown managed to extend into the new week with all, although crucial services curbed as well as many of the regularly schedule data announcements probably postponed if the inability to ensure stopgap funding remains.

The Bank of Japan opens a two-day monetary policy gathering with the verdict on Tuesday awaited for any indications that the aggressive easing stance could be ceased in 2018.

Market participants are going to be focused on the result monetary policy gatherings by the European Central Bank and fourth quarter surge from both American and Great Britain.



ECB Meeting

Traders are impatiently waiting for the European Central Bank’s meeting on October 26…


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