Gold prices rose on Friday, heading for their first weekly gain in five weeks, after softer-than-expected U.S. jobs data reduced expectations of further Federal Reserve interest rate hikes, boosting bullion's appeal.
Key takeaway
US jobs data softer than expected, reducing Fed rate hike bets.
- Step 1 · The triggerSofter US jobs data reduces Fed rate hike expectations.
- Step 2 · Reaches youLower real yields and weaker USD boost gold prices.
The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.
Source: Economic Times (Markets)
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