💨 Abstract

Gold prices fell on Friday due to a stronger-than-expected U.S. jobs report that boosted the dollar, reducing expectations for an aggressive rate cut by the Federal Reserve in November. job growth accelerated in September, and the unemployment rate slipped to 4.1%. Analysts now expect a 25-basis-point rate cut instead of the previous 50-basis-point expectation. Gold prices dropped 0.2%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖