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Gold rose to USD1295/oz, up about 0.5%

Gold rose to USD1295/oz, up about 0.5% while the DXY was mixed over the sessions, closing +0.12% having ranged between 92.496 - 92.928.

US: Risk of a partial government shutdown is elevated - Wells Fargo

Markets are waiting sceptically for progress in Washington to pass major tax/govt funding/immigration legislation within twelve working days and this is keeping a lid on the dollar.Meanwhile, US 10yr treasury yields fell from 2.35% to 2.32%, with some jitters over a headline that claimed preparations for a North Korean missile launch had been detected. Fed fund futures yields continued to price the chance of a December rate hike near 100%. 

Forex today: dollar fights back in NY

However, the build-up of doubts about the inflation outlook in the US is pressuring the dollar and a key data set comes in the core PCE inflation reading on Thursday with investors mindful of the Fed's structural low US inflation concerns as noted in the latest FOMC minutes. 

Wall Street ends choppy session mixed as investors await tax bill developments

Gold levels

As of writing, Gold is trading between a range of $1,299.44 and a low of $1,286.69. Support levels come after $1,283.10 (100-day sma), then $1,280.72 (21-day sma) and finally $1,274.10 (low Nov.11). On the flipside, the next upside barrier is located at $1,308.40 (high Oct.16) and then $1,317.10 (high Sep.23). 
 

Wall Street ends choppy session mixed as investors await tax bill developments

Although they edged higher to fresh record peaks in the first hour following the opening bell, major equity indexes failed to preserve their momentum
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Crypto Today: Total market cap surpasses $300 billion, bitcoin consolidates below $10K

The total market capitalization of all cryptocurrencies surpassed the $300 billion mark on Monday, a 75% increase since it was $170 billion a month ag
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