- Gold discovers buying interest as Israel-Hamas tensions underpin risk-off impulse.
- US employment growth remained surprisingly upbeat in September.
- Strong US NFP data increase the chances of one more interest rate increase from the Fed.
Gold price (XAU/USD) recovers swiftly to around $1,850 as dismal market sentiment propelled by escalating tensions between Israel and Hamas improves the appeal for safe-haven assets. The yellow metal rebounds as the support from deepening geopolitical tensions offset the hit from a surprisingly strong Nonfarm Payrolls (NFP) report for September.
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