Market move● Neutral for Indian equities
Gold inches up as October Fed rate hike prospects fade
The brief
- Gold rose in early Monday Asian trading after weak US jobs data dimmed October Fed rate-hike prospects
- Asian stocks advance as soft US jobs data cools Fed rate-hike bets
- Let exchange rate act as shock absorber: IMF on Fed hike impact on India
- Fed and ECB minutes to detail inflation concerns as rate-hike bets fade
- Weak US jobs report dims odds of an October Fed rate hike
- US adds 29,000 jobs in September, well below expectations