Gold Prices Spike on Easing Dollar, Yields
Gold prices surged today as investors responded to easing US dollar and Treasury yields. Spot gold rose by 0.5% to $4409.97 per ounce, while US gold futures climbed 0.9% to $4455.30 per ounce.
The increase in gold prices comes ahead of the release of US nonfarm payrolls data, which is expected to influence expectations for the Federal Reserve's next policy move.