US jobs report throws a lifeline for gold; likely to trade in the $1900-$1950 range next week

July 9, 2023

According to the World Gold Council, eight countries added gold to their reserves in May, which amounted to a net 50 tonne of addition; however, with Turkey selling 63 tonnes of gold to satisfy its domestic demand, total bank holdings fell by 27 tonnes

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Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets

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Fed officials tempered expectations for an October rate hike after Philip Jefferson and John Williams stressed patience and data dependence. Markets sharply reduced hike odds,

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