Gold erases losses despite strong U.S. jobs data after ceasefire hopes emerge
From cnbc.com
Gold steadied on ​Monday as prospects for a ​potential Israel-Iran ceasefire helped the metal rebound from session lows, though strong U.S. jobs data boosted expectations of a Federal Reserve rate hike and limited the upside. Spot gold was ⁠up 0.33% at $4,343.03 an ounce, after ⁠hitting its lowest level since March 23 earlier in the day at $4,268.39. U.S. gold futures for August delivery was up 0.05% at $4,367.30. President Trump said on Monday that both Israel and Iran were looking to “do an immediate ceasefire” and that final negotiations on “peace” were proceeding. “We rebounded off the overseas lows just on ...
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