Gold Retreats as Middle East Tensions Ease Following Strikes on Nostr: Gold Prices React to Disappointing US Job Creation in April =============== #50bb159c ...
Gold Prices React to Disappointing US Job Creation in April
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#50bb159c ver:0.68
Gold prices fell over 1% to trade near $2,290/oz as better-than-expected US labor market data dampened expectations of a rate cut. Gold needs negative surprises from the US economy or the Middle East conflict to regain its safe haven status. The US economy created 175k jobs in April, falling short of expectations, causing gold prices to jump. The decline in gold prices was also influenced by the rise in the Employment Cost Index and Unit Labor Costs. Gold investors are now focused on upcoming US economic data and Fed officials' comments. #GoldPrices #USJobs #RateCut #SafeHaven #EconomicData...
#newstr #Gold #Xau/usd #UsEconomy #Fedspeak
https://here.news/story/50bb159c?ver=0.68
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#50bb159c ver:0.68
Gold prices fell over 1% to trade near $2,290/oz as better-than-expected US labor market data dampened expectations of a rate cut. Gold needs negative surprises from the US economy or the Middle East conflict to regain its safe haven status. The US economy created 175k jobs in April, falling short of expectations, causing gold prices to jump. The decline in gold prices was also influenced by the rise in the Employment Cost Index and Unit Labor Costs. Gold investors are now focused on upcoming US economic data and Fed officials' comments. #GoldPrices #USJobs #RateCut #SafeHaven #EconomicData...
#newstr #Gold #Xau/usd #UsEconomy #Fedspeak
https://here.news/story/50bb159c?ver=0.68