
Gold Prices Rise for Week on Softer Fed Rate Hike Bets
Gold prices are poised for their first weekly gain in a month as weak U.S. labor data causes investors to scale back bets on aggressive Fed rate hikes.
- ▸LONDON – Gold is poised for its first weekly advance in five weeks, surging on Friday as surprisingly weak U.S. labor market data prompted investors to dramatically scale back bets on an aggressive Federal Reserve interest rate hike in September. The rally provides a much-needed reprieve for a metal that has been under severe pressure for most of the year.
- ▸A Brutal Quarter: The three months to June marked gold's worst quarterly performance in 13 years, as investors priced in a relentless series of rate hikes from global central banks.










































































