[Opinion] Wall Street Retreats, Broadcom Rallies, Gold Smashes $3,600: What's Moving Markets Friday? - iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Gold hits Rs377,900 as global rally nears $3,600

Gold prices in Pakistan extended their hiking streak on Friday, mirroring the surge in the international market where bullion rallied to fresh highs. The global price of gold climbed close to the $3,600 per ounce mark after weak US jobs data boosted expectations of a Federal Reserve rate cut, providing further momentum to the metal's safe-haven appeal. In the local market, gold prices jumped by Rs1,200 per tola, taking the new all-time high to R…

Wall Street Retreats, Broadcom Rallies, Gold Smashes $3,600: What's Moving Markets Friday? - iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

A rather disappointing jobs report is challenging Wall Street's optimism over looming rate cuts, as labor market weakness stirs fresh concerns about the economy. SPY is falling from record highs. Check live prices here. Nonfarm payrolls grew by a meager 22,000 in August, after July's weak 79,000 and a June revision showing a 13,000 job loss — the worst since 2020. The three-month hiring pace has collapsed to 29,000, locking in expectations for …

Wall Street bulls still on the bandwagon after gold breaks $3,600, Main Street grows more confident as inflation returns to the fore

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