According to Jin10, gold rose during Asian trading on Monday after weaker-than-expected U.S. personal consumption expenditures data released at the end of September may have curbed market bets on a Federal Reserve rate hike in October. Market pricing showed about a 40% chance of Fed action in October, which provided initial support for gold at the start of October. Societe Generale said gold's trend appears to hinge on a tug-of-war between structural buyers, including central banks and ETF inflows, and macro headwinds such as a strong dollar and rising interest rates.