Gold climbs above $4,100 as dollar weakens and Middle East optimism rises
FXStreet reported that spot gold climbed to about $4,094 per ounce on 9 November, buoyed by a weaker U. S. dollar and optimism surrounding Middle East negotiations. The rise came after gold had slipped below $4,100 earlier in the week as U.
S. non-farm payrolls exceeded expectations, prompting market analysts to raise the odds of a December Federal Reserve rate increase. Strong jobs data had initially pushed the metal down to roughly $4,060 and $4,020, according to Reuters and earlier FXStreet reports.