Gold futures are trading lower to start the trading week as reports suggest the US government shutdown may be on the verge of coming to an end. The news helped lift the US dollar, impacting
February gold futures dipped $1.70, or 0.13%, to $1,331.40 per ounce at 16:20 GMT on Monday. The yellow metal shed 0.1% last week, snapping its
Silver, the sister commodity to gold, is unable to garner any momentum to kick off the trading week. March silver futures slid $0.01, or 0.09%, to $17.02 an ounce. The white metal suffered a 1.3% weekly loss last week.
On Monday, senators told the press that there would be enough votes to pass a
I expect @SenateMajLdr to fulfill his commitment to the Senate & abide by this agreement. If he does not honor our agreement, he will have breached the trust of not only the Democratic Senators but the members of his own party as well.
— Chuck Schumer (@SenSchumer) January 22, 2018
The news gave the US dollar a boost as the greenback jumped 0.10%, paring its
Despite the US government likely to reopen, analysts say that upcoming economic reports may overshadow everything else. Moreover, the
Next week, the Federal Reserve will hold its first Federal Open Market Committee (FOMC) policy meeting of 2018. Investors will pay close attention to the deliberations to garner any hints pertaining to what the US central bank will do with interest rates this year.
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