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 Incrementum: Monthly Gold Compass July 2024 READ MORE Gold, Silver & Bitcoin: Monthly Wrap with Alan Hibbard READ MORE Inflation, Growth, and Labor Data Heat Up, But Wall Street Stays Skeptical READ MORE Gold to Hit $2200 in 2024, Wells Fargo Joins Bullish Forecast READ MORE The Day the Hunt Brothers Capped the Price of Gold (Part I) READ MORE Add a Comment Cancel replyYour email address will not be published.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