Gold Surges 8% as US NFP Report Sparks Rate Hike Bet Shift
The US Nonfarm Payrolls (NFP) report for July showed an unexpected decline of 23,000 jobs, falling short of the expected 80,000 gain.
This development has had a positive impact on gold, with it rising by over 8% to $4,350, its best week since January.
Bitcoin has also shown signs of recovery, reclaiming support above $65,000 as crypto market sentiment improves.