Reported about 1 month ago
Gold prices remained stable around $2,500 an ounce as traders anticipate the upcoming US payroll report, which could signal the Federal Reserve's direction for interest rate cuts. A recent drop in job openings hints at a cooling labor market, increasing expectations for rate reductions that generally benefit non-yielding gold. The precious metal has seen a significant increase of over 20% this year, driven by optimism regarding monetary easing and strong demand due to geopolitical tensions.
Source: YAHOO