Gold (XAU/USD) gained traction and climbed to its highest level since October 21, above $4,200, after having spent the previous week in a tight consolidation channel.

The Pound Sterling (GBP) consolidated its recovery from seven-month lows against the US Dollar (USD), as GBP/USD lacked bullish conviction.

Gold is looking to build the recovery momentum above the $4,100 mark amid a cautious start to a new week, filled with key US economic releases, including the critical September Nonfarm Payrolls (NFP) due on Thursday.

Invest in nuclear energy stocks like Centrus Energy and PEG for exposure to SMRs, uranium, and clean energy growth opportunities.

Invest in gold stocks for portfolio diversification. Top picks include SSR Mining, Agnico Eagle, and Caledonia Mining amid high gold prices.

The GBP/USD went into this week near the 1.31725 ratio, which is essentially near values seen at the end of October, this as speculative conditions are likely rise in Forex in the coming days.