💨 Abstract

Gold prices rose on Friday, extending gains, as the U.S. dollar weakened due to expectations of a Federal Reserve rate cut in November. producer prices remained unchanged in September, indicating a favorable inflation outlook. The Fed is expected to cut interest rates again in November, as U.S. jobs data and inflation data were stronger-than-expected, but inflation is slowly cooling and the job market is strong but at risk of deteriorating.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖