Gold gains over 2% after soft jobs data, Fed Chair Warsh's comments
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Gold prices have risen, with some reports indicating gains of over 2%, following the release of soft US jobs data. The increase in gold prices appears to be linked to a decrease in expectations of a rate hike by the Fed, although there are conflicting reports about the overall trend, with some outlets indicating a weekly gain and others a subsequent fall. The comments from Fed Chair Warsh also seem to have played a role in the price movement.
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