Commodities
Gold Surges on Weaker US Jobs Data, Interest Rate Outlook Shifts
The gold price has surged nearly 2% to $4,472.85 per ounce, marking a sharp comeback after recent lows.
The move comes as investors reassess the outlook for US interest rates and seek safety amid ongoing market uncertainty.
The weaker-than-expected US jobs data has contributed to this shift, with private payrolls increasing by only 38,000 in August, below expectations of roughly 48,000.
This development has raised doubts about the Federal Reserve's next interest rate decision and made gold more attractive as a safe-haven asset.