Gold Maintains Momentum as Markets Await Crucial US Jobs Report Gold is poised for its second consecutive weekly gain, driven by expectations of potential Federal Reserve interest rate cuts before the end of the year. This optimism stems from recent data indicating a contraction in the U.S. services sector and a softening labor market. Investors are now eagerly awaiting Friday’s U.S. payrolls report for further insights into the economic outlook. Gold’s appeal has been bolstered by a weakening U.S. dollar and falling Treasury yields. The precious metal’s upward trend extends its three-quarter rally, supported by significant central bank purchases, geopolitical tensions, and increased buying in Asia as investors seek to preserve value amid local currency depreciation. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Your Ultimate Guide to the Gold Market READ MORE Gold's Three-Week Range Nears End as Bulls Push for Fresh Highs READ MORE Goldman Anticipates Bank of Japan Finally Ending Negative Rates READ MORE China's Iron Ore Imports Defy Steel Industry Slowdown READ MORE Fed's Goolsbee Signals Readiness for Rate Cuts as Inflation Eases READ MORE Add a Comment Cancel replyYour email address will not be published.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