Gold prices set for second weekly gain; US payrolls on investors' radar
Fri, Jul 5, 2024 4:22 PM

Gold prices set for second weekly gain; US payrolls on investors' radar

A Flip by Shubhangi Gupta
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Gold prices rose 0.4% to $2,364.87 per ounce, heading for a second straight weekly gain, driven by a weaker US dollar and expectations of Federal Reserve interest rate cuts. The US dollar is on track for a weekly decline, making gold more attractive to buyers. Market expectations suggest a 75% chance of a rate cut in September and another in December.

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