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2018.01.1908:00:00UTC+00Gold Bounces Back As Shutdown Looms

Gold futures rebounded Friday amid the threat of a U.S. federal government shutdown.

The U.S. House of Representatives passed a stop-gap funding measure late Thursday to avert a government shutdown.

But Senate Democrats say they have the vote to block the spending bill in a bid to negotiate on budget and immigration deals. The Senate votes at 11 am ET.

At 10 a.m., Eastern consumer sentiment for January is due out.

Also today, a pair of Federal Reserve speakers may offer clues about monetary policy. Bostic speaks at 8:15 am ET, while Quarles speaks at 1 pm.

In the meantime, gold was up $8 at $1335 an ounce, moving back near 4-month highs from earlier in the week. A weak U.S. dollar has provided support.

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