News

Spot gold fell 0.6% in today’s trading. The disappointing data from the U.S. labor report did not weaken the dollar as much as expected, which slowed the momentum behind gold’s recovery. Investors are now awaiting the release of the Federal Reserve’s minutes to gain insight into the central bank’s next moves regarding monetary policy.

[Source: TV news]

The safe-haven asset continues to rally as investors reassess the actual likelihood of a Federal Reserve rate cut, with expectations falling from 29.9% to 21.9% over the past week. Meanwhile, the U.S. dollar’s weakness, with the currency hitting a two-week low, has pushed gold back above the $4,150-per-ounce mark.

[Source: Market screener]

Gold extended its gains, rising more than 1% as optimism over the interest rate outlook boosted demand. Disappointing U.S. employment data pointed to a cooling labor market, pushing spot gold above $4,190 per ounce.

[Source: TV News]