Gold Prices Rise on Softer US Jobs Data, Rate Cut Hopes
1 day agoBusiness
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1 SourcesHalifax, Nova Scotia, Canada
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Gold Prices Rise on Softer US Jobs Data, Rate Cut Hopes

Gold and other precious metals experienced a slight increase on Thursday, driven by a significant drop in U.S. job openings to a 14-month low. This data strengthened expectations for potential Federal Reserve interest rate cuts. However, gains were moderated by a stronger U.S. dollar and rising Treasury yields. Investors are now anticipating Friday's non-farm payrolls report for further economic indicators.

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