Today, gold rose to $4,172 an ounce, extending gains from the previous session as weak US labor market data reduced expectations of further Fed tightening.


In June, the US economy added just 57,000 jobs - the weakest reading in four months and well below the forecast of 110,000, while the unemployment rate stood at 4.2%.
A day earlier, the ADP private payrolls report also came in weaker than expected.
Against this backdrop, the market lowered its estimate of the probability of a Fed rate hike in September to about 60%, down from 75% before the payrolls data was released.
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Topinvest
· 23m ago
Hold tight 💪
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