Gold Prices – Weekly Outlook: Oct. 29 – Nov. 2

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Investing.com – Precious metals traders will continue to watch developments in equity markets and monitor geopolitical risksĀ in the week ahead, after gold prices notched up a fourth week of gains, its longest winning streak since January.

Gold is often sought in times of geopolitical tension or market turbulence.

Investors will also be focusing on the monthly U.S. jobs report, due on Friday, which is expected to remain in territory consistent with a strengthening labor market.

A report on U.S. personal income and spending, which includes personal consumption expenditures (PCE) inflation figures, the Federal Reserve’s preferred metric for inflation, will also capture the market’s attention.

Other top-tier U.S. economic data due this week includes ADP private sector payrolls, CB consumer confidence, car sales, trade figures, construction spending and the ISM survey on manufacturing sector activity.

Read more at : https://www.investing.com/news/commodities-news/gold-prices–weekly-outlook-oct-29–nov-2-1662828