Gold edges higher in the early Asian session amid signs of a possible end to the U.S. government shutdown. The Senate cleared a key hurdle late Sunday after Democrats provided just enough votes to advance a measure designed to end the impasse. The Senate's next big step will be to send the measure back to the Republican-led House.
If the resolution to end the shutdown materializes, a slew of delayed U.S. data could soon be released, says Fawad Razaqzada, market analyst for Global Macro at FOREX.com, in an email. This could provide greater clarity for the outlook of another Fed rate cut, market observers say. Spot gold is 0.1% higher at $4,118.68/oz.
Source: Dow Jones Newswires
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