Gold prices surged over 1% to reach a nearly two-week peak, buoyed by growing expectations of a Federal Reserve interest rate cut in September following indications from recent U.S. data showing a softening labor market, on Wednesday. Spot gold rose 1.4% to $2,362.32 per ounce by 10:09 a.m. ET (1409 […]
U.S. economic data
Gold prices rose marginally on Thursday as both the dollar and Treasury yields declined following optimistic U.S. economic data, fueling expectations that the Federal Reserve will likely implement interest rate cuts later this year. At 10:30 a.m. ET (1430 GMT), spot gold rose by 0.4 per cent to $2,348.36 per […]