24Business

Gold rises despite strong US jobs data as traders relish Trump uncertainty


January 10, 2025 5:55 PM ETSPDR® Gold Shares ETF (GLD), GDXIAU, SLV, SIL, SGOL, HIV, GDXJ, PHYS, PSLV, NUGT, RING, OUNZ, SILJ, BAR, GLDM, AAAW, XAGUSD:CUR, XAUUSD:CURPer: Carl Surran, SA news editor

monsitj/iStock via Getty Images

Gold rallied further on Friday, capping a strong week as uncertainty over the future of US policy under President-elect Trump fueled demand for safe havens, even as stronger-than-expected US jobs data fueled expectations that the Federal Reserve may not hike this year. thus aggressively reduce interest rates.



Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button