Congress so far has failed to pass any spending bills to fund federal agency programs in the fiscal year starting on Oct. 1 amid a feud within the Republican Party
The Federal Reserve expressed concerns that this robust economic activity could lead to continued inflationary pressures, potentially necessitating further tightening. Moreover, the extension of the OPEC+ output cut led to a rise in oil prices, contributing to inflationary risks
"In addition, the dollar has reached fresh six-month highs. Gold continues to be very data-dependent, we have initial jobless claims later in the day but the significant one will be CPI (consumer price index) data due next week."
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