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 Wall Street Veteran Predicts 7 Yeras of Lower Stock Market Returns READ MORE Federal Reserve Adopts Scenario Analysis as Inflation Fight Wavers READ MORE Global IT Outage Causes Financial Chaos and Delays READ MORE Investor Alert: Double Top Pattern & The Looming Financial Crisis READ MORE Consumer Prices Cool Further: June Marks First Monthly CPI Drop Since 2020 READ MORE Add a Comment Cancel replyYour email address will not be published.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