Gold Above $4,100 As U.S. Job Market Weakness Reinforces Rate-Cut Bets

Core Insights - Gold prices are maintaining levels above $4,100 due to signs of weakness in the U.S. labor market and the potential end of the government shutdown [1][2] Group 1: Gold Market - Gold futures in New York increased by 0.3% to $4,128.70 per troy ounce, while spot gold rose by 0.3% to $4,126.51 per ounce [1] - The current gold price levels are influenced by expectations of further interest rate cuts as the labor market shows signs of weakness [2] Group 2: Labor Market - Recent private-sector data indicates that U.S. firms are shedding approximately 11,250 jobs per week as of late October [2]