Gold climbs as oil and dollar wait on US data
Gold prices rose slightly today, amid a slowdown in the US labor market and signals indicating a potential interest rate cut. Gold traded around $4,068.61 per ounce as investors awaited the non-farm payrolls report to guide the Federal Reserve's monetary policy decisions. Conversely, oil prices declined due to expectations of increased OPEC+ production and the continued flow of oil through the Strait of Hormuz, with Brent crude dropping to approximately $71.03 per barrel. The dollar remained stable as investors awaited US employment data, with expectations of adding 110,000 jobs in June.
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