24 Hrs
Source:
المشهد العربي
Gold prices rise before U.S. jobs data
Gold prices rose by more than 1% on Thursday, as investors awaited the release of the US non-farm payrolls data, which will determine the Federal Reserve's monetary policy direction. The 0.20% decline in the dollar index suggests that gold may continue to climb, with the chances of a rate hike decreasing if the data comes in below expectations. This could push gold prices beyond $4,400 per ounce and potentially up to $4,700. The market currently prices in a 62% probability that the Federal Reserve will decide to raise interest rates at its upcoming meeting.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)