interest rate
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
