Gold price continues to trade higher on geopolitical tension. The Palestine-Israel conflict could increase the demand for safe-haven assets like Gold. Upbeat US jobs data supports the US Dollar . ld are receiving upward support due to risk aversion, which could be attributed to the Palestine-Israel military conflict. The ongoing military conflict in the Middle East between Hamas and Israel is being closely watched by the markets.
2% in September, falling short of the expected 0.3%. On an annual basis, the report indicated a decline of 4.2%, below the anticipated consistent figure of 4.3%. US Treasury yields have also rebounded, driven by expectations of the Federal Reserve maintaining higher interest rates for an extended period. As of now, the 10-year US Treasury bond yield has once again stood at 4.80% near its peak since 2007.
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