Commodities
Gold Stabilizes Above $4,300 Amid US Jobs Market Surprise
Gold prices stabilized above $4,300 an ounce after a surprise contraction in the US jobs market alleviated concerns about interest-rate hikes.
Data published Friday showed American employers cut jobs in July, while hiring in the prior two months was revised lower.
This development provided some relief to investors who were worried about the Federal Reserve's rate path.
The release of inflation data later this week will provide further clues on the Fed's intentions.