Gold Prices Dip as U.S. Recession Concerns Ease, Dollar Strengthens Gold prices are set for a weekly decline as recession fears in the U.S. have eased following positive jobs data, which bolstered risk appetite and strengthened the dollar. This led to a sell-off in gold, a typical safe-haven asset, as investors shifted towards riskier investments. Although gold prices fell as much as 3% earlier in the week, they slightly recovered, with spot gold down 0.1% to $2,425.34 per ounce. The anticipation of a potential interest rate cut by the Federal Reserve in September, due to cooling inflation and labor market data, continues to influence market dynamics. Other precious metals, such as silver and platinum, also experienced declines, while palladium saw a slight gain. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Mester Urges Acknowledgment of Economic Uncertainties READ MORE ZeroHedge: Physical Silver Buyers Gatecrash COMEX Vaults READ MORE Commerzbank Predicts Silver to Reach $30 by End of 2024 Amid Rising Industrial Demand READ MORE China Sees Rise in Fake Gold Scams Amid Bullion Investment Boom READ MORE Leading Economic Index Suggests U.S. Recession Fears Receding READ MORE Add a Comment Cancel replyYour email address will not be published.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