Macro Finance
Gold Gains as Soft US Jobs Report Eases Bets on Fed Rate Hikes
Bloomberg Markets·October 2, 2026·1 min read
Gold prices rose as a sharp slowdown in the U.S. jobs market reinforced expectations that the Federal Reserve will keep interest rates unchanged in October. The weaker labor data reduces the likelihood of a rate hike, boosting gold's appeal as a safe-haven asset amid economic uncertainty.
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