Gold Prices Dip as U.S. Recession Concerns Ease, Dollar Strengthens Gold prices are set for a weekly decline as recession fears in the U.S. have eased following positive jobs data, which bolstered risk appetite and strengthened the dollar. This led to a sell-off in gold, a typical safe-haven asset, as investors shifted towards riskier investments. Although gold prices fell as much as 3% earlier in the week, they slightly recovered, with spot gold down 0.1% to $2,425.34 per ounce. The anticipation of a potential interest rate cut by the Federal Reserve in September, due to cooling inflation and labor market data, continues to influence market dynamics. Other precious metals, such as silver and platinum, also experienced declines, while palladium saw a slight gain. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts January Sees U.S. Wholesale Prices Increase, Highlighting Ongoing Inflation Challenges READ MORE Safe-Haven Demand Drives Gold Closer to Peak Amid Middle East Unrest READ MORE Turkish Markets Rally as Inflation Shows First Signs of Cooling READ MORE Zimbabwe Announces Plans to Introduce Gold Backed Currency READ MORE The Deadline To Turn in Your Gold – May 1st, 1933 READ MORE Add a Comment Cancel replyYour email address will not be published.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