Gold Rebounds on U.S. Economic Uncertainty and Softening Job Market Gold prices are up as mixed economic signals emerged from the U.S., prompting optimism about a potential “soft landing” for the economy amid ongoing Federal Reserve efforts to combat inflation. The metal saw a 1% rise on Monday, recovering after two consecutive weeks of losses—the first since February. This rebound reflects investor reactions to a recent U.S. jobs report, which suggested a slowing economy and alleviated fears of a recession coupled with high inflation. Chicago Fed President Austan Goolsbee indicated that such data trends could support a case for easing monetary policy this year. Despite these challenges, gold has surged approximately 12% this year, bolstered by central bank purchases, demand from Asian markets, and safe-haven buying due to geopolitical tensions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts SAXO Bank: Gold is Ready to Rise READ MORE Fed Policymakers Suggest Three Cuts This Year READ MORE The Day the Hunt Brothers Capped the Price of Gold (Part 2) READ MORE Yellen Critiques Market Overreaction to Inflation Data READ MORE The Office Meltdown Will Result in $1 Trillion of Losses, Says Real Estate Billionaire READ MORE Add a Comment Cancel replyYour email address will not be published.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