Macro Finance
Gold Holds Gain After Soft US Jobs Data Eases Rate-Hike Concerns
Bloomberg Markets·August 9, 2026·1 min read
Gold steadied after its biggest weekly gain since January, with traders assessing a surprise contraction in the US jobs market that allayed concerns around an interest-rate hike. The softer jobs data reduced expectations of tighter monetary policy, supporting gold prices as investors sought a safe haven amid economic uncertainty.
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