Gold Holds Above $2,500: Safe-Haven Appeal Strengthens Gold prices remain bullish, trading above $2,500, as weaker U.S. yields and a declining U.S. dollar support its safe-haven status. Recent downward revisions in Nonfarm Payrolls data have raised concerns about a weakening U.S. labor market, potentially influencing Federal Reserve rate decisions. The market anticipates possible rate cuts, with attention now on upcoming economic indicators and Fed Chairman Powell’s speech at Jackson Hole. Gold’s consolidation near resistance levels suggests potential for further gains, reflecting its ongoing sensitivity to economic indicators and monetary policy expectations. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Powell Warns of Extended High Interest Rates in Face of Persistent Inflation READ MORE Royal Mint Tackles E-Waste Crisis with Sustainable Gold Recovery Facility READ MORE Central Bank Gold Buying – Latest Trends and Developments READ MORE Gold's Market Share: "As Irrelevant As A Pimple On An Elephant's Behind" – Rick Rule READ MORE Slow and Steady: US Economy Navigates Controlled Deceleration READ MORE Add a Comment Cancel replyYour email address will not be published.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