- The shutdown means no weekly CFTC reports on trader positioning, but gold ETF flows are reported on a daily basis, says Commerzbank. Last week's selloff saw heavy COMEX trading volume, with the bank suggesting large sell orders being placed as the price breached the $1,300 level. This was accompanied by 7.6 tons of ETF outflows on Friday, meaning holdings have already fallen by about 20M tons since the start of October.
- The stalling of budget deal progress has seemingly given a bid to gold this morning, and it's ahead 1.2% to $1,283 per ounce.
- GLD +1.1%.
- Gold ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI.