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Gold Surges to New Highs Amidst Turbulent Equity Markets and Unsettling Economic Data ͏
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Gold Surges to New Highs Amidst Turbulent Equity Markets and Unsettling Economic DataâÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â [GOLD PRICE LOGO]( WHERE THE WORLD CHECKS THE GOLD PRICE Gold Daily - August 2, 2024 [Gold Price Chart]( â±ï¸ Gold in 60 Seconds Current [Gold Spot Price]( $2,441.95 Happy Friday, traders. Welcome back to our [weekly market wrap-up,]( where we dive into the economic events and market news that have significantly impacted gold prices and other precious metals throughout the week. This week, gold prices experienced significant gains, briefly reaching new all-time highs. The market was marked by a broad risk-off shift, with turbulence in US equity markets driving investors towards gold. Early in the week, concerns about the upcoming Federal Reserve's FOMC announcements and the July Jobs Report led to unease in the markets, stabilizing gold prices above $2415/oz. The FOMC's decision to leave key policy rates unchanged, coupled with a reiteration of data-dependent future moves, propelled gold prices to $2425/oz and higher. Further support for gold came from unsettling economic data, including a decline in the ISM Manufacturing Index and the highest weekly Initial Jobless Claims in nearly a year. Friday's disappointing July Jobs Report, which showed lower-than-expected job additions and a rise in the unemployment rate, pushed gold to new highs of $2470/oz before settling around $2430. The week ended with gold comfortably consolidating as market sentiment remained cautious amid economic uncertainties. [Read the Full Market Recap]( â [Advertisement]( â [BUY GOLD & SILVER AT JM BULLION]( ð° Top Stories â ð¥ Gold Price RECAP: July 22-26 Rolling into the afternoon, gold prices are set to turn in the first losing week in three. Gold is looking a bit like the odd man out as Friday draws this weekâs trading to a close, owed largely to fatigue in the rally that had briefly driven the yellow metal to all-time highs over the last month. [Read More >]( â ð¥ Gold Price RECAP: July 8-12 Gold prices are once again closing out a summertime trading week with a late surge, this one lifting the yellow metal above $2400/oz en route to a third-straight weekly gain... [Read More >]( â [Twitter]( [Instagram]( Stay Informed - Get Our App! No longer want to receive these emails? [Unsubscribe](.
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