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Gold Gains With Lower US Dollar After Report of Jobs Report Halt
Gold gained as the dollar pushed lower after Fox Business reported that US President Donald Trump’s pick to lead the Bureau of Labor Statistics suggested suspending the monthly jobs report prior to his nomination. A gauge of the greenback slipped, sending bullion as much as 0.5% higher. A lower US currency is positive for gold as it is priced in the dollar. Copper futures on New York’s Comex also moved higher on the decline of the dollar, which fell as much as 0.6%. Traders were also weighing the Federal Reserve’s interest-rate path after a modest rise in the costs of goods tempered concerns about tariff-driven ... (full story)
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- Aug 12, 2025 12:29pm Posted byFundamental Analysis245
