Gold prices (XAU/USD) moved higher in the American session, supported by its status as a safe asset amid rising uncertainty in the Middle East following the fall of the Bashar al-Assad regime in Syria.
In addition, the People's Bank of China (PBOC) announced over the weekend that it resumed Gold purchases in November after a six-month pause, which provided an additional boost to the precious metal.
Data from the US released on Friday revealed that the country's labor market remained solid, but the rising unemployment rate confirmed expectations that the Federal Reserve (Fed) will cut interest rates by 25 bps next week. This, along with mild risk appetite, limited the US Dollar's upside efforts.(Newsmake23)
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