Gold Prices Climb As unite states Gov Shutdown Continues

referring to (Kitco News) - Gold edged up in its premier reaction to the unite states Gov shutdown as Asian markets unlocked on Monday. The Senate Information Systems scheduled to vote on the proposed bill to expand Gov funding out of February eight at one a.m. EST on Monday, told Senate Republican leader Mitch McConnell. But I think it's will be positive," Senator Johnny Isakson said. But, according to historical statistics, gold bulls ought not get also excited, as gold prices have a tendency to go drop during Gov shutdowns. Kitco's latest feature on the topic shows which during the final 3 shutdowns, gold has in reality lost ground.

Gold Prices Track hight America Bond Yields Closest ever 1987 as Gov Shutdown Looms

GOLD PRICES rose against the falling $ however held flat or fell againest other great currencies on Friday as the America faced a possible Gov shutdown over lawmakers' failure to agree a 2018 budget. Euro & ¥ gold prices both held 0.6% drop for the week. The Britain gold value in Pounds per ounce bounced off final night's near 3-week low however held 1.2% drop from final Friday at £962. That figure would read +1.00 if gold & America bond yields moved exactly in lockstep by each other. This week's reading Information Systems the strongest leverage link among gold & short-term America yields ever probably 1987, & was just beaten once before that, in September 1979.

Gold Prices Reflect Nervousness Over Gov Shutdown

referring to (Kitco News) - The markets still to reflect nervousness about the potential of a Gov shutdown at midnight tonight. The rhetoric ratcheted higher overnight as Democrats still to request a bargain on DACA as fraction of the funding extension. By Peter Hug Contributing to kitco.com Follow @KitcoNewsNOW www.kitco.comDisclaimer: The views expressed in this article are those of the author & probably not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of data provided; however, neither Kitco Metals company nor the author could guarantee such accuracy. Kitco Metals company & the author of this article don't accept culpability for losses and/ or damages arising from the Utilize of this publication.

collected by :kiven Dixter