Gold rose slightly in the early Asian session, up 0.3% to $3,986.90/oz, recovering from a sharp overnight decline. This gain is seen as a technical recovery, and according to Fadi Al Kurdi (FFA Kings), gold's bullish momentum still has the potential to continue.
On the sentiment side, the US government shutdown delayed the release of important data and added fiscal uncertainty, thus maintaining interest in safe assets. Furthermore, the September FOMC minutes showed that the Fed sees significant labor market risks for further interest rate cuts, although it remains cautious due to inflation—a combination that generally supports gold prices. (az)
Source: Newsmaker.id
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