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 Gold Rush 2.0: Australian Miners Poised for M&A Spike Amid Soaring Prices READ MORE The Bull and Bear Case for Gold in 2024 READ MORE Gold Defies Commodity Downturn as Rate Cut Hopes Boost Investor Appeal READ MORE Silver Surges Past Gold, Ratio Suggests Further Gains to Come READ MORE Ancient 2,300-Year-Old Gold Ring Unearthed in Jerusalem READ MORE Add a Comment Cancel replyYour email address will not be published.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