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Gold prices advance as weak US jobs data lifts safe-haven demand
Gold prices gained over the week as weak US jobs data boosted safe-haven demand and influenced rate expectations.
Gold prices posted weekly gains after softer than expected US payroll data strengthened expectations of slower monetary tightening. Investors increased allocations to safe haven assets amid lingering economic uncertainty and geopolitical risks. Gold’s near term trajectory will continue to track US interest rate expectations and dollar movements.