Daily digest market movers: Gold price climbs as investors eye key US data
- US Retail Sales for September rose by 0.4% (MoM), exceeding estimates of 0.3% and higher than August's 0.1% increase.
- Initial Jobless Claims for the week ending October 12 came in at 241K, below estimates and down from last week's 258K.
- US Industrial Production contracted by -0.3% MoM in September, reversing from 0.3% growth, impacted by external factors.
- Data from the Chicago Board of Trade, based on the December fed funds rate futures contract, indicates that investors estimate 48 basis points of Fed easing by the end of the year.
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