Gold Investors Eye Friday's Payrolls Data for Fed Policy Clues Gold prices are showing resilience as investors await crucial US labor market data, particularly the nonfarm payrolls report due on Friday. Recent job openings data suggesting a cooling labor market has increased expectations for aggressive Federal Reserve rate cuts, which typically benefit gold. The precious metal has gained over 20% this year, driven by anticipation of monetary easing, strong over-the-counter demand, and geopolitical tensions. While trading in a narrow range around $2,500, gold remains near its recent all-time high, supported by a weakening dollar and lower bond yields. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts World Gold Council: China's Gold Market Booms in 2023 READ MORE The Great American Housing Squeeze: Construction Costs Out of Reach for Most READ MORE As Gold Hits $2,500, All Eyes Turn to Fed's Next Move READ MORE Javier Milei's Budget Miracle: Libertarian Principles in Action! READ MORE US Business Activity Slows, Marking Weakest Growth in Four Months READ MORE Add a Comment Cancel replyYour email address will not be published.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