Gold steady, palladium looks set to stay on the boil
Bengaluru — Gold prices held steady on Monday, as a US government shutdown due to a funding impasse unnerved investors and put pressure on the dollar. Spot gold was little changed at $1,331.57 an ounce at 3.10am GMT. Spot gold fell 0.5% last week, its first weekly decline in six weeks. The dollar index, which measures the greenback against a basket of currencies, fell as much as 0.5% to 90.155. Funding for federal agencies ran out at midnight on Friday, and was not renewed amid a dispute between US President Donald Trump and Democrats over immigration. Republican and Democratic leaders of the US Senate held talks on Sunday seeking to break an impasse that has kept the US government shut down for two days, but it was unclear whether a deal could be struck to reopen federal agencies by the start of the work week. "While the shutdown of government services in the US is not expected to last too long, traders are getting increasingly nervous about its impact on the economy," ANZ analysts...
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