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 From Pandemic to Recovery: Comparing Economic Performance Under Trump and Biden READ MORE Japan's Central Bank Eases Rate Hike Concerns After Market Turmoil READ MORE Economists at Commerzbank Expect the Gold Price To Remain Supported READ MORE Will Gold Continue to New Heights? READ MORE Safe-Haven Demand Drives Gold Closer to Peak Amid Middle East Unrest READ MORE Add a Comment Cancel replyYour email address will not be published.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