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 De-Dollarization Accelerates as 20 Nations Sign On to Russian Financial System READ MORE What Creates The 'Perfect Storm' For Silver? READ MORE Latest Inflation Data Shows Fed Has More Work to Do READ MORE Record Gold Prices Reshape Demand Landscape READ MORE Record Gold Rally Hits Pause as U.S. Treasury Yields Climb READ MORE Add a Comment Cancel replyYour email address will not be published.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