Gold rises over 2% on Fed comments
Gold prices have risen by more than 2%, approaching the level of $4,090 per ounce, following the release of US employment data that was lower than expected and statements from the Federal Reserve chairman indicating a decline in inflation risks and a reduced likelihood of interest rate hikes next September. This has led to a drop in bond yields and an improvement in the gold market, with expectations of keeping interest rates steady in the near future.
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