Gold prices eased on Monday as bets firmed for a smaller US rate cut in November after strong jobs data. Spot gold slipped 0.2% to $2,647.49 per ounce. US gold futures were unchanged at $2,667.10. The stronger-than-expected September jobs report, released on Friday, poured cold water on expectations of a large Fed rate cut next month, boosting the dollar. This week, market participants will focus on minutes of the Fed's last policy meeting, and the US Consumer Price Index (CPI) and Producer Price Index (PPI) data. A slew of US central bank officials are also speaking this week. Spot silver fell 0.2% to $32.11, platinum lost 0.4% to $983.67 and palladium rose 0.6% to $1,017.63. Source: Qatar News Agency
Related Posts
Joint Ministerial Council Between GCC, EU Welcomes Qatar’s Hosting of International Horticultural Expo 2023 Doha
Muscat, October 10 – The ministers of foreign affairs of Gulf Cooperation Council (GCC) and the European Union (EU) welcomed the State of Qatar’s hosting of the International Horticultural Expo 2023 Doha.In the final statement of the 27th session of th…
King of Bahrain receives H.H. Sheikh Abdullah bin Zayed
His Majesty King Hamad bin Isa Al Khalifa of Bahrain, today received H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, who is currently on an official visit to the Kingdom to participate in the 10th se…
Digital Transformation of SMEs Program Launches Virtual 5 New Workshops
The Digital Transformation of Small and Medium Enterprises (SMEs) Program, which is one of the initiatives launched by the Ministry of Transport and Communications, has launched virtual five new workshops on the Internet, within its plan seeking to pro…