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 Nasdaq Breaks 17,000 Mark, S&P 500 Slightly Up, Dow Drops Amid Rising Yields READ MORE Chinese Central Bank kicks off New Round of Gold Accumulation READ MORE Citi Analysts Eye $3,000 Mark for Gold READ MORE Gold Demand Dips as Wedding Season Begins, Diamond and Gemstone Sales Rise READ MORE Bullion Prices Stable as Traders Await Inflation Cues READ MORE Add a Comment Cancel replyYour email address will not be published.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