Gold Price Rebounds as Weak US Employment Data Dampens Interest Rate Hike Expectations
Recent U.S. labor market data showing a deceleration in job growth has significantly dampened market expectations for aggressive interest rate hikes by the Federal Reserve, providing a reprieve for non-yielding assets. As investors recalibrate their portfolios in response to shifting economic indicators, gold prices have staged a notable recovery, mitigating the immediate risk of a … Read more