FXHedge
FXHedge|Sep 05, 2025 18:23
GOLD NEARS RECORD 3,600/OZ LEVEL AS WEAK US JOBS DATA FUELS RATE-CUT BETS (Reuters) Sept 5 (Reuters) - Gold's powerful rally took on fresh legs on Friday, with prices just cents away from 3,600 per ounce, as weak U.S. jobs data further raised expectations for bullion-supportive Federal Reserve rate cuts. Spot gold was up 1.5% at 3,596.01 per ounce, as of 1636 GMT, having hit a record 3,599.89 earlier. The metal is now on track for its strongest weekly gain in nearly four months. U.S. gold futures for December delivery rose 1.3% to 3,651.90. Full article: https://www.reuters.com/world/india/gold-nears-record-3600oz-level-weak-us-jobs-data-fuels-rate-cut-bets-2025-09-05/(FXHedge)
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