Gold climbs above $4,050 as markets lean dovish ahead of US data

From fxstreet.com

Gold (XAU/USD) advances modestly during Tuesday’s North American session as the Greenback also remains bid and risk appetite deteriorates amid fears of an economic slowdown. At the time of writing, XAU/USD trades at $4,058, up 0.36%. Economic data releases are beginning to hit the wires with Initial Jobless Claims for the week ended October 18 reaching 232K. Also, Factory Orders In August fared slightly above estimates, but data was ignored by Bullion traders, which pushed the yellow metal above $4,050. The data prompted investors to price in additional easing by the Federal Reserve (Fed) on the December’s ... (full story)