COMMODITY
Gold futures finish higher ahead to jobs report
Sep-05-2024
Gold futures finished higher on Wednesday, as bond yield notes dipped ahead to US jobs report due on Friday for more insights on Federal Reserve’s interest rate cut. Reports from JOLTS indicated sharper than-expected dip in job openings kindling speculation for a substantial 50 bps cut by the Fed this month. Lower interest rates buoyed investment appeal of the bullion.

Gold futures for December delivery up by $3 or 0.12% to settle at $2,526.00 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $0.96 or 0.04% to settle at $2,494.76 an ounce.

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