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.