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Gold Continues to Climb: Now Trading Above $4,372 per Ounce
Gold is once again shining in the commodities markets, gaining 3% following the release of the latest U.S. employment data. Downward revisions to hiring figures, combined with growing confidence that the Federal Reserve will refrain from raising interest rates, have boosted demand for the safe-haven asset, pushing gold to its highest level in two months.
[Source: Ansa]
Gold Continues to Rise, Near a Seven-Week High
Gold extended its gains for a fourth consecutive session, supported by reduced expectations of an interest rate hike by the Federal Reserve. The precious metal rose 0.4% to $4,261.98 per ounce.
[Source: Market screener]
Gold Rebounds: Up More Than 3% on a Weaker U.S. Dollar
The safe-haven asset posted a strong rally, benefiting from the weakening U.S. dollar and growing optimism over easing tensions in the Middle East. Gold prices climbed to $4,260.80 per ounce, while the U.S. dollar hovered near its lowest level in the past three months.
[Source: Market screener]
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