In an unexpected turn of events, the price of gold appears to be carving a bottom that aligns with ADP’s recent revelation of 42k jobs created in the month of October. Traditionally perceived as a safe-haven asset, gold has been subjected to various external pressures lately. However, with the US job numbers exceeding expectations, it seems to present a newfound optimism in the financial market, which is reflecting positively on the gold prices. If this trend persists, we might witness a sustained period of recovery for the gold market. Continued monitoring of global financial and economic factors is necessary to predict future trends. Yet, as we usher in the second week of November, one thing appears evident – gold investors can paint a sigh of relief, albeit cautiously. Read More
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