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7 Articles
U.S. job review points to a slowdown ...
·Brussels, Belgium
Read Full ArticleGold Surges to Record High as Weak US Jobs Data Fuels Fed Rate-Cut Bets - Channelchek
Gold soared to an all-time high on Friday after a weaker-than-expected U.S. jobs report intensified expectations that the Federal Reserve will cut interest rates later this month. The move marked the latest milestone in a multi-year rally that has been powered by economic uncertainty, rising geopolitical risks, and a steady flight to safe-haven assets. Spot gold gained as much as 1.5% to break above $3,600 an ounce, eclipsing its previous record…
The price of gold rose to a new record of almost $3,600 (CZK 74,800) per ounce on Friday. Weak US labor market data has strengthened expectations of a Fed rate cut, which is supporting gold's growth.
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