Precious Metal Continue Climbing on Expectations of Rate Reduction Gold is up 1% to near one-week highs on Thursday, driven by a weaker U.S. dollar and lower yields following signs of a cooling labor market. Investors are now anticipating a potentially larger-than-expected interest rate cut from the Federal Reserve this month. Recent data showing a decline in private sector hiring and job openings has increased expectations for a 50 basis point rate cut, with traders now seeing a 45% chance of such a move. The upcoming non-farm payrolls report on Friday is expected to provide further insight into the labor market’s health and influence the Fed’s decision-making. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Copper Miners Face Earnings Squeeze Amid Falling Prices and High Costs READ MORE Jamie Dimon Sounds Alarm on Economy Amid Inflation and Fed Tightening READ MORE Yield Curve's Predictive Power in Question as Economic Growth Continues READ MORE Dollar Nears Monthly Peak Amid Rising US Yields and Anticipation of Rate Cuts READ MORE Was I Wrong About $20,000 Gold & Who Wins? READ MORE Add a Comment Cancel replyYour email address will not be published.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