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Brent oil futures for December delivery climbed 0.5 percent to $71.50 per barrel
Uncertainty over the outcome of the U.S. election kept traders largely biased towards safe havens such as the dollar and gold
Recent gains place the dollar on track for its best month since April 2022
U.S election, along with Middle East tensions, might continue to act as a tailwind for gold prices
SME loans made up 9.5 percent of 232.9 billion in financial facilities for commercial and industrial sectors as of June
Analysts expect gold prices to reach over $2,800 this year and $3,000 in 2025
Market awaits the upcoming release of U.S. existing home sales data, which will provide additional insight into the health of the economy
Traders are pricing in an 87.7 percent chance of a 25-basis-point cut by the Federal Reserve in November
In China, investors are gauging the impact of the latest lending rate cut following reductions to other policy rates last month
The initial focus of Project Aperta will be on trade finance for SMEs
This marks the first consecutive rate reduction in 13 years
As tensions in the Middle East escalated, less than three weeks remained to vote for the next U.S. president
The U.S. retail sales and industrial production data for September, as well as weekly jobless claims data, are all due later today
U.S. dollar index and Treasury yields dipped, making bullion more attractive to other currency holders
Despite the rise in gold prices, the U.S. dollar's recent ascent and rate-cut expectations have limited gains
Brent crude futures for December delivery dropped 0.5 percent to $78.98 a barrel
Market focus now shifts to U.S. Producer Price Index (PPI) report due today
Traders are currently pricing an 84.7 percent chance of a 25-basis-point cut in November
Brent crude futures for December delivery climbed 0.4 percent to $76.89 a barrel
U.S. dollar index rose 0.06 percent to 102.61 earlier in the session, inching closer to the seven-week high it recorded last week
Investor focus now shifts to the Fed's latest policy meeting minutes due on Wednesday and inflation data due on Friday
Traders are currently pricing a 95.7 percent chance of a 25-basis-point rate cut in November
T-bills have maturities of 7 days, 28 days, 91 days, 182 days, 301 days, and 364 days
The dollar fell 0.1 percent from a month-long high, making gold priced in dollars more affordable for foreign buyers
