Gold kicks off the new week on a slightly positive note following Friday’s late pullback from levels just above mid-$4,300s or the highest since October 21. Bets for two more rate cuts by the US Fed next year continue to act as a tailwind for the non-yielding bullion. Apart from this, a softer risk tone and geopolitical uncertainties benefit the safe-haven precious metal. However, a modest US Dollar uptick might cap gains ahead of the delayed US NFP report on Tuesday.
Source: https://www.fxstreet.com/news/japan-tankan-large-all-industry-capex-above-expectations-12-in-4q-actual-126-202512142350
