technical

Gold extends its consolidative phase into a fourth trading day on Monday, after having failed once again above the $4,100 mark.  

The EUR/USD pair ends the week with modest losses in the 1.1620 region, having shown little signs of life over the past few days. Financial markets got little to work with amid the continued United States (US) government shutdown and the subsequent lack of macroeconomic releases.

Gold (XAU/USD) came under heavy bearish pressure after setting a new record-high slightly above $4,380 on Monday and snapped a nine-week winning streak.

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The EUR/USD went into this weekend near the 1.16265 ratio, this after touching the 1.16500 vicinity briefly on Friday in the aftermath of the U.S CPI numbers being released.