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Gold climbs as shutdown fuels haven demand, eyes record high
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FXStreet Forex & Commodities News
The data barely moved the needle, as Bullion extended its gains with traders eyeing a re-test of the record high of $3,896.
The lack of data left traders adrift to a slew of Federal Reserve (Fed) officials crossing the wires.
Comments of the survey showed that businesses expect “moderate or weak growth.” The employment sub-component remained subdued as companies are delaying hiring.
US jobs data revealed during the week was mixed.
Technical outlook: Gold price subdued around a $50 rangeGold price trend is up, but in the near-term it seems that it’s consolidating around the $3,830-$3,880 range.