Gold rises after biggest daily gain since August, with US payrolls in focus - The Economic Times

AI desk brief

Spot gold rose 0.6% to $4,082.76/oz by 0036 GMT after gaining about 3.4% on Monday; December futures added 0.5% to $4,092.90. The report described a softer dollar, which could support bullion affordability, while traders awaited Friday’s US payrolls release for Fed-policy signals; CME FedWatch put December rate-hike odds at 83%. Citi set a zero-to-three-month gold target of $4,500/oz, conditional on the Strait of Hormuz reopening and Yemen/Saudi conflict de-escalation by year-end. Silver gained 0.3% to $52.37/oz, platinum rose 0.6% to $1,505.85 and palladium slipped 0.1% to $1,003.83.