Gold Rallies Ahead of US Jobs Report
Summary
STRATO reports gold holding around $4,475 and silver trading near $67 as markets await the U.S. payrolls report. The announcement notes cooled expectations for a September Fed rate hike, lower yields and a weaker dollar supporting hard assets, and that gold is poised for a weekly gain after rebounding from a three-week low.
JUST IN: Gold holds around $4,475 while silver trades near $67 as markets await today’s U.S. jobs report.
Expectations for a September Fed rate hike have cooled, with lower yields and a weaker dollar providing renewed support for hard assets.
Gold is now on track for a weekly gain after rebounding from a three-week low.
The next major signal comes from U.S. payrolls today.
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