Gold Continues Climbing as the USD Weakens
The start of this week saw the price of gold increase on the European market as the metal edges closer to new highs. From its previous price of $4,299.39 an ounce, gold saw its price hit $4,349.35 an ounce, representing a 1.2% increase. The precious metal’s upward momentum has been underpinned by the U.S. dollar’s decreasing value against major global currencies. Investors have now turned their attention to the upcoming employment data, especially the October jobs report that was postponed because of the federal government shutdown. This data is widely expected to offer important insight into the possible direction of 2026’s monetary policy. The U.S. dollar index slipped by over…