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19.11.202511:57:10UTC+00Gold Holds Above $4,100

Gold has maintained its gains, holding steady above the $4,100 threshold as investors continue to favor safe-haven assets. This is in anticipation of the Federal Reserve's meeting minutes set to be released later today and the postponed US jobs report scheduled for Thursday. Both events are highly anticipated for indications on forthcoming interest rate decisions. The Fed's minutes are anticipated to showcase differing opinions among policymakers regarding the necessity of further easing measures. The employment report is expected to reflect an increase of approximately 50,000 jobs in the US economy for September. This follows previous labor data showing a rise in the number of Americans filing for unemployment benefits, reaching a two-month peak in October. The likelihood of a rate reduction next month has diminished, with traders currently seeing just over a 46% probability, down from 63% the previous week. At the same time, apprehensions about inflated valuations in the tech sector have negatively impacted risk appetite, enhancing gold's allure as a safe-haven asset amid persisting weaknesses in the equity markets.

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