Gold Advances as Traders Bet on December Rate Cut, Await US Data

Gold advanced as traders bet that the Federal Reserve will deliver an interest-rate cut next month amid signs of a weak labor market. Federal Reserve Governor Christopher Waller fueled optimism on Monday after indicating support for an interest-rate cut next month. New York Fed President John Williams had a similar impact on the market on Friday after he said a near-term rate cut remains a possibility. While the central bank’s December meeting is the next big milestone for markets, investors are relying o ...