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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
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
Traders are currently pricing an 88.2 percent chance of a 25-basis-point cut in November
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
Fitch expects rates to reach 4.5 percent at the end of 2024 and 3.5 percent at the end of 2025, boosting Q4 and 2025's issuance activity
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
The dollar fell 0.1 percent from a month-long high, making gold priced in dollars more affordable for foreign buyersÂ
The dollar index continued its rebound, gaining 0.10 percent to 101.78, and making gold more expensive for other currency holders
The U.S. dollar held onto its gains, rising 0.08 percent to 101.28, and making gold more expensive for other currency holders
Amid the uncertain global economic and geopolitical landscape, bullion posted its best quarterly gain since 2016 on Monday
Market attention turns toward comments from both Fed chair Jerome Powell and Fed governor Michelle Bowman later today
Brent crude futures for November delivery rose by 51 cents, or 0.71 percent, reaching $72.49 a barrel
Market focus now shifts to the U.S. core personal consumption expenditures price index data due later today
