Central Bank
Gold prices have gained over 4 percent in October amid safe-haven flows spurred by Mideast tensions and U.S. election uncertainty
Gold prices have gained close to 5 percent so far this month and almost 41 percent in the past year
Markets are also bracing for a series of economic indicators in the coming daysÂ
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 JuneÂ
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
