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 Gold Soars to All-Time High as Dollar Weakens and Rate Cut Hopes Grow READ MORE Samsung: 2024 Key Commodity Market Outlook READ MORE ZeroHedge: Core Consumer Prices Hit New Record High – Up For 50th Straight Month READ MORE Gold’s ‘Record March Higher Set To Continue,’ Goldman Says READ MORE Beware of Synthetic Gold! READ MORE Add a Comment Cancel replyYour email address will not be published.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