Gold Maintains Momentum as Markets Await Crucial US Jobs Report Gold is poised for its second consecutive weekly gain, driven by expectations of potential Federal Reserve interest rate cuts before the end of the year. This optimism stems from recent data indicating a contraction in the U.S. services sector and a softening labor market. Investors are now eagerly awaiting Friday’s U.S. payrolls report for further insights into the economic outlook. Gold’s appeal has been bolstered by a weakening U.S. dollar and falling Treasury yields. The precious metal’s upward trend extends its three-quarter rally, supported by significant central bank purchases, geopolitical tensions, and increased buying in Asia as investors seek to preserve value amid local currency depreciation. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Powell Signals Fed's Pivot: Job Market Concerns May Prompt Rate Cuts READ MORE Dow Tumbles 760 Points as Market Reacts to Recession Worries READ MORE Government Debt Hits $34 Trillion: Fiscal Policies Under Scrutiny READ MORE Starbucks, McDonald's Feel the Pinch as Diners Tighten Belts READ MORE US Wholesale Inflation Hits Annual High, Signaling More Price Hikes Ahead READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment