Gold prices gained 4.73 per cent during the week as a weaker US dollar, falling Treasury yields and softer-than-expected labour data reduced expectations of further Federal Reserve rate hikes. Gold climbed to a seven-week high following the jobs report
Gold recorded its first weekly gain since May, rising over 3 per cent as weaker US jobs data and lower energy prices eased expectations of further Federal Reserve rate hikes. Analysts expect bullion prices to remain supported by global economic and monetary policy developments.
Gold posted its first weekly gain since May, rising 3.1 per cent as weaker US jobs data and lower energy prices eased expectations of further Federal Reserve rate hikes. Improved investor sentiment and a softer dollar supported bullion prices throughout the week
