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 Defying Conventional Thinking: Gold Gains Against Rising Rates and a Robust Dollar READ MORE Gold Dips as Market Awaits Federal Reserve Clues from Inflation Data READ MORE Treasury Yields Decline Following Lower-Than-Anticipated Inflation Report READ MORE From Tokyo to Istanbul: The World Reacts to a Surging US Dollar READ MORE The Risks of Gold and Silver ETF's vs. Physical Metals READ MORE Add a Comment Cancel replyYour email address will not be published.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