Gold Extends Record Run After US Jobs Data Boosts Bets of Early Rate Cut

Gold Extends Record Run After US Jobs Data Boosts Bets of Early Rate Cut

Gold prices surged to a fresh record high on Friday after data revealed a rise in the U.S. unemployment rate. The increase in the jobless rate heightened expectations that the Federal Reserve might soon implement an interest rate cut to stimulate the economy. Spot gold responded positively, rising 0.7% to reach $2,173.49 per ounce. These developments have further reinforced the belief that gold remains a safe haven for investors in uncertain times.

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