News

The price of the precious metal has stabilized, posting a slight gain of 0.2% today after reaching its highest level in more than two months yesterday. Investors are awaiting U.S. inflation data, which could influence the Federal Reserve’s next moves regarding monetary policy.

[Source: Market screener]

The safe-haven asset continues to rise, now trading above $4,350 an ounce. Disappointing U.S. labor market data have reduced expectations of an interest rate hike by the Federal Reserve, while the weakness of the dollar is helping to sustain the precious metal’s momentum.

[Source: Finanza Online]

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]