The outlook for gold improved as gold prices rose slightly in the final session of the week, ending a three-week losing streak with support above $1,900 an ounce as the latest report showed job growth in the US. The US slowed down in June, leaving the labor market in the country partially weakened.
Gold prices rebounded today due to optimism in the market and bond yields.
Gold will outperform due to its role as a safe-haven asset amid increasing market volatility coupled with investors' need to avoid risks.
Gold prices rebounded today due to optimism in the market and bond yields.
Gold will outperform due to its role as a safe-haven asset amid increasing market volatility coupled with investors' need to avoid risks.
Kommentera:
Gold is moving as planned
