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Gold rallies after US Unemployment Rate unexpectedly rises to 4.1%

Started by forex4you, Jul 07, 2024, 08:00 am

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Gold rallies after US Unemployment Rate unexpectedly rises to 4.1%

Gold (XAU/USD) rises on Friday, continuing its run of positive days as investors become increasingly optimistic the Federal Reserve (Fed) will lower interest rates sooner than previously thought, and the US Dollar (USD) softens, adding a lift to Gold which is predominantly bought and sold in Dollars.

Source: Gold rallies after US Unemployment Rate unexpectedly rises to 4.1%
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