Gold rallies as weak US jobs data, tariffs stoke stagflation fears

From fxstreet.com

Gold price reverses its course and registers solid gains on Thursday as the latest round of jobs data in the United States (US) points to a weakening labor market. Consequently, investors increased their dovish bets as the Federal Reserve (Fed) is expected to resume its easing cycle in September. The XAU/USD trades at $3,385, up 0.45%. Earlier, the Department of Labor revealed that the number of Americans filing for unemployment benefits rose above estimates, compared to the prior print. Although the print was close to forecasts, economists' focus shifted to Continuing Claims, which rose toward levels last seen in ... (full story)