The federal government has been partially shut down for about three weeks now. Non-essential civil servants have been furloughed, while many essential government employees are still working but are going to miss their paycheck and possibly even their back wages, Rabobank's economists report.
Gold price (XAU/USD) trades in a tight range around $4,250.00 during the European trading session on Monday. The precious metal stabilizes after Friday’s corrective move, which pushed it lower from the all-time high of $4,380 to near $4,200.
EUR/USD remains practically flat on Monday's early European opening, trading at 1.1665 at the moment of writing. The pair bounced at 1.1650 earlier on the day, favoured by a somewhat brighter market mood on signs of easing tensions between the US and China, but it is lacking upside momentum.