Daily Market Report
➢ Gold is trading below $4,160, with buyers remaining cautious.
➢ USD is strengthening strongly and has reached a fresh YTD high, putting pressure on Gold.
➢ US NFP was weak: September jobs increased only 29K vs 90K expected.
➢ US unemployment rose to 4.2% from 4.1%, showing weakness in the labour market.
➢ Wage growth slowed to 3.0%, reducing inflation pressure and supporting Gold.
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