Branch2 Intelligence
Gold heads for first weekly rise in five on easing Fed rate hike bets
Key takeaway
US jobs data softer than expected, reducing Fed rate hike bets.
- Step 11st-order: Softer US jobs data reduces Fed rate hike expectations.
- Step 22nd-order: Lower real yields and weaker USD boost gold prices.
- Step 33rd-order: UK SMEs face higher input costs for gold-dependent products (e.g., electronics, jewelry) and potential currency headwinds.
Source: Economic Times (Markets)
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