Weak U.S. Jobs Report Boosts Gold Prices As Many Speculate About Fed Rate Cuts Gold prices rose on Monday due to a weakening U.S. dollar, following a disappointing U.S. jobs report that raised the possibility of the Federal Reserve cutting interest rates. Spot gold increased by 0.8% to $2,320.33 per ounce, while U.S. gold futures rose by 0.9% to $2,329.10. The underwhelming job growth and slowing wage increases suggest room for potential rate reductions by the Fed in 2024, according to Ricardo Evangelista, a senior analyst at ActivTrades. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold's Golden January: Historical Trends Suggest a Shiny Start to 2024 READ MORE Gold's Summer Slump? Market Experts See Sideways Trading Before Potential Upswing READ MORE Inflation Shifts American Dining Habits: Home Cooking is Back READ MORE 3,000-Year-Old Phoenician Gold Artifact Discovered in Jerusalem READ MORE Over $20 Million in Gold Stolen in Canada’s Largest Airport Heist READ MORE Add a Comment Cancel replyYour email address will not be published.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