Gold extends upside to near $4,200 amid Fed rate cut hopes

From fxstreet.com

Gold price (XAU/USD) extends the rally to around $4,195 during the early Asian session on Thursday. The precious metal rises to the highest level since October 21 ahead of the vote to end the US government shutdown, which would offer economic clarity and set the stage for the Federal Reserve’s (Fed) next move. Fed officials are set to speak later in the day, including Neel Kashkari, Alberto Musalem and Beth Hammack. The US House of Representatives is in session to debate and vote on the Senate-passed funding deal that would end the longest government shutdown in US history. The Senate has already approved the ... (full story)