Gold rallied to test the all-time high soon after the release of the US NFP report as the number of jobs added fell short of forecast and continuing downward revision in the previous data portrayed a weakening job market, which increase the possibility of a rate cut by the US Fed.
Dollar rebounds after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday after the Federal Reserve’s significant interest rate cut. Despite initial volatility, the dollar rebounded from a one-year low