Dollar bounces on job gains, then pares ahead of CPI
The U.S. job market showed surprising resilience in August, adding 162,000 positions—far beyond what analysts anticipated. This result has led to heightened expectations for a Federal Reserve rate increase in September. However, the dollar softened slightly as traders now focus on looming inflation reports. Wages saw a year-over-year uptick of 3.1%, the weakest growth since […]
Gold slides after robust US payrolls boosts rate hike bets
Gold prices experienced a downturn on Friday, setting the stage for a weekly loss as solid US job data raised the bar for anticipated rate hikes by the Federal Reserve. This shift has rendered the non-yielding precious metal less desirable. Alongside gold, silver and platinum also saw drops. Investors are now keenly awaiting inflation updates […]