💨 Abstract
Gold prices fell slightly on Friday due to a stronger US dollar and Treasury yields, but a weak job growth report from the US increased bets for a rate cut from the Federal Reserve, limiting losses. Gold prices fell 1.5% on Thursday after reaching a record high. The weak job growth report increased the chances of a 25-basis-point rate cut by the Fed next week.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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