Gold trades near two-week high on cooling US rate-hike bets
From brecorder.com
Gold prices held near a two-week high on Monday after a cooler-than-expected US jobs report last week slightly tempered expectations of interest rate hikes by ​the Federal Reserve. Spot gold was steady at $4,175.02 per ounce by 0028 GMT, after posting a weekly gain of more than 2% following four straight weeks of declines on Friday. US gold futures for August delivery climbed 1.5% to $4,186.80 per ounce. Data on ​Thursday showed U.S. job growth slowed sharply in June and payroll gains for ​the prior two months were revised lower, pointing to a cooling ⁠labor market and prompting financial markets to dial back ...
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