Share: XAU/USD trades at $1971.15, marking a 1.24% gain. Fed Chair Jerome Powell’s comments at the Economic Club of New York led to expectations of no further rate hikes by the Fed. Powell states that policy is restrictive and emphasizes the need for careful policy setting. Gold price (XAU/USD) extended its gains to
Treasury yields and the Dollar tumbled while equity futures rallied on the August jobs report that showed more cooling than expected. This report was close to Goldilocks with slowing in employment with a 2023 average monthly gain of 236k versus 399k for 2022. The unemployment rate jumped, due to a big surge in the labor
