Gold Stays Above $4000 as US Services Sector Expands in October

Gold prices continue to hold steady above the $4000 per ounce threshold. Fresh ISM figures confirm expansion in the US services sector during October, posing fresh headwinds for the precious metal.

The services data point to underlying strength in the American economy and may shape rate expectations going forward.

Market participants are watching these releases closely as they seek clearer direction for gold.