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Gold edges higher after US jobs report supports rate cut bets

economictimes.indiatimes.com 07-12-2024 04:16 0.5 Minutes reading
Gold prices edged up following a November U.S. jobs report indicating gradual easing in the labor market, bolstering expectations of another Federal Reserve interest rate cut. This rise came despite a surge in job growth, with analysts pointing to private payroll figures and overall trends as supporting further rate reductions.

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