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Gold jumps to near seven-week highs amid US labor market slowdown

Gold price (XAU/USD) extends its upside to near seven-week highs above $4,300 during the Asian trading hours on Wednesday. The precious metal gains momentum as the US labor market remains relatively resilient but shows signs of slowing.

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superhaber.com

How Did the Markets Start the New Day? Gold Is on the Rise Again.

The gold market turned upwards in the middle of the week. Weak economic data from the US strengthened expectations that the Fed might shift to a more relaxed monetary policy, leading to gains in precious metals. Gold, which closed at $4,302 yesterday, is trading around $4,315 today. Currency markets, meanwhile, started the third trading day of the week calmly. Here's the latest on the markets...

2 days ago

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xtrememarkets.com

Gold Prices At Seven-Week Highs as US Jobs Data Loses Steam

Gold prices rose in Asian trading on Wednesday, approaching a nearly seven-week high. The PMs traded above $4,300 amid a negative tone in the US labour market, which was weighing on the Dollar. To retail investors, that gain represents an increasing bet that US interest rates could further soften in the months ahead – something that […] The post Gold Prices Move Higher on Signs of a Weakening US Job Market appeared first on XtremeMarkets.

2 days ago

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