Gold prices on Friday recouped some of the losses suffered the day before after reaching a record high. As of 16:00 Moscow time. Spot gold rose 0.31% to $2,753.60 an ounce, while December futures rose 0.48% to $2,767.1. Investors continue to view gold as a safe asset, especially ahead of the US elections. Experts expect this strategy to continue as market uncertainty persists. In October, gold prices rose by more than 4% due to geopolitical tensions and pre-election instability. Now the market's attention is focused on the report on employment in the non-agricultural sector of the United States, which may affect forecasts for a reduction in Fed rates. Traders are confident that the probability of a Fed rate cut is almost 95%. A positive report on the state of the US economy is expected due to the absence of signs of recession and a decrease in inflation. The main issue remains the pace of interest rate cuts by the Federal Reserve. In addition to gold, other precious metals are also showing an increase in prices: silver increased to $32.75 per ounce, and platinum was almost unchanged at $988.08 per ounce.
