💨 Abstract

Gold prices were flat on Friday due to a softer U.S. dollar from weak job growth data and safe-haven demand, but offset by rising Treasury yields. Gold fell 1.5% on Thursday after reaching a record high. The U.S. added only 12,000 jobs last month, the smallest gain since December 2020. The dollar erased earlier gains, and Treasury yields rebounded, making gold less appealing.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖