Gold Above $4,100 As U.S. Job Market Weakness Reinforces Rate-Cut Bets

Gold prices were holding supra the $4,100 people connected signs of weakness successful the U.S. labour marketplace and arsenic Congress moves person to ending the authorities shutdown.

In aboriginal trading, futures successful New York were rising 0.3% to $4,128.70 a troy ounce, portion spot golden was up 0.3% to $4,126.51 an ounce.

New private-sector information showed U.S. firms were shedding 11,250 jobs a week done precocious October, reinforcing expectations for further interest-rate cuts this year.