Gold hovered near one-week lows touched on Monday as the dollar extended gains alongside U.S. Treasuries and Chinese markets remained closed. Palladium, one of the best-performing commodities of 2018, dropped by the most so far this month, leading declines in precious metals.
Spot gold -0.2% at $1,312.45/oz at 11:47am in London. Bloomberg Spot Dollar Index +0.2%.
With China still shut for Lunar New Year holidays, investors are focused on the U.S., weighing the possibility of another partial government shutdown against optimism about U.S.-China trade talks.
Source : Bloomberg