Gold price bound for worst week in more than a year. markets gold
Lately, gold has failed to attract safe-haven flows despite growing recessions risks as investors have instead opted for the US dollar, which has marched toThe notion of another 75-basis-point rate hike by the Fed gained further traction following the latest employment data, which showed US job growth increased more than expected in June and the unemployment rate remained near pre-pandemic lows.
“The jobs data pushed down gold, already struggling after such a strong dollar rally. However, there is some bargain hunting coming through in gold here,” RJO Futures senior market strategist Bob Haberkorn, said in a
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