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Gold Prices Fluctuate as US Jobs Data Fuels Rate Cut Speculation

Weaker-than-expected employment growth raises uncertainty over the Federal Reserve's upcoming interest rate decision.

  • Gold nears $2,510 before retreating after mixed US payroll data for August.
  • Employment growth at 142,000 jobs missed forecasts, with unemployment slightly rising to 4.3%.
  • Federal Reserve officials express openness to significant rate cuts to support the economy.
  • Silver prices face downward pressure amid increased imports and corporate mergers.
  • Investors turn to precious metals as safe-haven assets amid economic uncertainty.
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