Gold edges higher ahead of US jobs report
US gold futures rise on uncertainties over global economic recovery
08 May 2020 - 08:16
Bengaluru — Gold on Friday was hovering near a two-week high hit in the previous session as investors awaited the US jobs report to gauge the health of the economy after grim economic indicators raised the prospects of more rate cuts by the Federal Reserve.
Lower interest rates would further weigh on bond yields and boost demand for non-yielding bullion, which hit a near two-week peak in the last session...
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