Gold prices rose to above $4,330 amidst economic and geopolitical developments. The increase came after a mixed US jobs report and geopolitical tensions with Venezuela. At the time of writing, XAU/USD was trading at $4,338, following a peak of $4,349. The US Nonfarm Payrolls data showed job losses of 105,000 in October and a gain of 64,000 in November. The Unemployment Rate increased to 4.6%, surpassing the Fed’s expectations. Market projections for a January rate cut remain steady at 24%, as per Capital Edge data. Geopolitical tensions escalated after a US blockade on Venezuelan oil tankers. Fed Governor Christopher ... (full story)