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By Elizaveta ZhuravlevaGold prices advanced on Monday, supported by continued worries about rising US government debt and fading expectations of an immediate Federal Reserve rate hike, although a firmer dollar limited gains.Spot gold TVC:GOLD rose 0.4% to $4,159.89 per ounce by 1138 GMT. U.S. gold…
Gold prices moved higher on Monday after recording their largest weekly decline since June, as weaker US employment figures reduced market expectations for another Federal Reserve interest-rate increase in October. At 02:12 ET (06:12 GMT), spot gold rose 0.
Soft September payrolls reduce Fed hike odds, lifting gold to about $4,153 as investors reassess rates and inflation risks.