Gold starts week above 4150 USD
Gold prices rose to over $4,150 per ounce following a decline in expectations of a U.S. interest rate hike after weak economic data. U.S. job growth in September slowed, and the revisions to non-farm payrolls for the previous two months were steep, which decreases the likelihood of a rate increase in October. Additionally, prices of other precious metals increased, such as silver, which climbed to $60.97, along with platinum and palladium, amid escalating tensions in Yemen after the Yemeni government, backed by Saudi Arabia, announced a plan for a military campaign to reclaim areas controlled by the Iran-backed Houthis.
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