Gold prices surged as a weaker-than-expected U.S. jobs report fueled expectations of future interest rate cuts. The rising unemployment rate in November pressured the dollar and Treasury yields, making gold more attractive. Investors are now keenly awaiting key inflation data this week for further market direction.
Global Markets | European shares fall again as Mideast war drags on
European shares extended their decline on Tuesday, mirroring a global equity selloff as investors grappled with the prospect of a prolonged Middle East conflict. A