Newsletter Subject
Weekly Market Wrap: Gold Down On the Week
From
goldprice.org
Email Address
goldpriceorg@email.goldprice.org
Sent On
Fri, Sep 6, 2024 10:02 PM
Email Preheader Text
Gold Prices Face Mixed Reactions Amid Weak US Labor Data and FOMC Rate Cut Expectations ͏
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Gold Prices Face Mixed Reactions Amid Weak US Labor Data and FOMC Rate Cut ExpectationsâÍ 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 â [Gold Price Recap]( â±ï¸ Gold in 60 Seconds Current [Gold Spot Price](: $2,497.40 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. Early in the week, gold struggled to push past $2500, with traders hesitating due to uncertainties about the upcoming Federal Reserve interest rate cut. However, Thursday's release of weaker-than-expected private payroll data from ADP spurred a temporary gold rally, with prices climbing to $2515 as traders anticipated a more aggressive rate cut. Despite a similarly weak non-farm payroll report on Friday, gold failed to hold its gains and dipped back below $2500, indicating ongoing uncertainty in the market. While lower interest rates typically boost gold as a safe-haven asset, the possibility of improved risk appetite in equities may be capping further gold price increases. Traders now await next week's CPI report for more clarity on the Federal Reserve's upcoming decision. [Read the Full Market Recap]( â [Advertisement]( â [BUY GOLD & SILVER AT JM BULLION]( â â Stay Informed - Get Our App! [Twitter]( [Instagram]( No longer want to receive these emails? [Unsubscribe](.
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