In early trading, the price of gold in Asia rose slightly, indicating signs that the US government shutdown may be coming to an end.

In early Asian trading, the price of gold edged up slightly, with signs indicating that the US government shutdown may be coming to an end. Spot gold rose by 0.1% to $4,118.68 per ounce. The Senate on Sunday night cleared a key hurdle, with enough Democratic votes to advance a measure aimed at ending the deadlock. The next important step for the Senate will be to send the measure back to the Republican-led House. Fawad Razaqzada, global macro analyst at FOREX.com, said that if the resolution to end the shutdown is achieved, a series of delayed US data could be released soon. Market observers say this could provide a clearer indication of the prospect of another interest rate cut by the Federal Reserve.