Gold price (XAU/USD) holds onto recovery prompted by a steady interest rate decision from the Federal Reserve (Fed).
Gold price clings to gains prompted by steady monetary policy from the Fed. Weak US private payrolls and factory data have diminished the appeal for the US Dollar. The release of the US NFP would guide further action on the Gold price. The precious metal aims to generate more gains in hopes that the Fed has concluded its rate-tightening campaign.
8%. Apart from the employment numbers, investors will focus on the labor cost data. Monthly Average Hourly Earnings is seen expanding by 0.3% vs. 0.2% growth in September. The annual earnings data rose by 4.0% against 4.2%. Middle East tensions keep broader appeal for bullion strong as Israeli airstrikes come close to hitting the Al Quds hospital in Gaza in which several displaced civilians are sheltering.
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