Gold heads for best week in 7 ahead of US jobs data
Fri, Feb 2, 2024 9:02 AM

Gold heads for best week in 7 ahead of US jobs data

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Gold prices are expected to close the week with their largest gain in seven weeks due to a weakening dollar and Treasury yields. U.S. jobs data will determine when the Federal Reserve may lower interest rates. Other factors driving gold's rise include concerns over the regional banking sector, low bond yields, and a potential rate cut in May as indicated by interest rate probability app IRPR.

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