Gold surges over 2% to two-week high

Gold prices rose by more than 2%, reaching their highest level in two weeks, supported by a weakening dollar and falling oil prices. Investors are also awaiting US employment data, which will influence expectations for future interest rate hikes. Spot gold traded at $4,166.72 per ounce, while futures were at $4,191.90. The market's betting on rate hikes has decreased to 59% from 67% previously. Additionally, the prices of other precious metals, such as silver and platinum, also increased as the market awaited upcoming US employment figures.

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