Branch2 Intelligence
Gold, silver prices today: Comex gold and silver extend rally as weak US jobs data cools Fed rate hike fears
Key takeaway
Weak US jobs data cools Fed rate hike fears, boosting gold and silver prices.
- Step 11st-order: Weak US jobs data reduces Fed rate hike expectations, weakening the dollar and lowering real yields.
- Step 22nd-order: Gold and silver prices rally as opportunity cost of holding non-yielding assets declines.
Source: IN:Mint
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