Gold Rallies on Mixed US Employment Report, Fed Rate Cut Hopes Grow Gold prices reached a one-month high following the release of U.S. jobs data that indicated a softening labor market. The report showed mixed results, with June’s job growth slightly exceeding expectations but downward revisions for previous months and a rise in unemployment. This data has increased market expectations for a Federal Reserve interest rate cut in September, with a 72% probability. The prospect of lower rates, combined with a weakening dollar and declining Treasury yields, has made gold more attractive to investors. As a result, spot gold rose 0.7% to $2,371.58 per ounce, with some analysts predicting a potential return to all-time highs if the Fed hints at a September rate cut. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Could Trump's Policies Strengthen Dollar? Experts are Split READ MORE Gold's Long-Term Strength Predicted to Persist READ MORE Warning: Is the Housing Market Heading for a 50% Correction? READ MORE How & Where to Buy Silver Coins [2024 Buyers Guide] READ MORE Potential 2025 Recession Could Plunge Stock Market by 30%, Experts Warn READ MORE Add a Comment Cancel replyYour email address will not be published.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