After a bullish few days, it seems that Gold prices may drop if the Government avoids another shutdown.
Current Gold chart. A very bullish few days.
The most recent shutdown, which was the longest in US history, began in mid-December, when Trump rejected a spending package approved by congressional Republicans and said he wanted $5.7bn to construct a wall on the US/Mexican border. Democrats have opposed funding for a border wall, saying that pressure from undocumented immigrants is a “made up emergency and that money for border security would be better dedicated to additional technology, personnel and other enforcement measures.” If the US Government do avoid another shutdown, gold might fall further as yields and the Dollar head upward. But in contrast, this might be challenged by recordings from a Euro group meeting if policymakers end up worrying aloud about slowing regional growth.
