Gold Rebounds Above $4,360 as Weaker Dollar Boosts Bullish Case
Gold prices have shown renewed bullish momentum after rebounding from the critical $4,000 support zone.
The precious metal reached over $4,360 on Friday, its highest level in seven weeks, following a weaker U.S. dollar and softer American employment data.
The disappointing jobs report shifted expectations for a less aggressive Federal Reserve, which boosted gold's appeal.