Gold rises more than 1% ahead of U.S. nonfarm payrolls
Gold rose more than 1% as the U.S. dollar and Treasury yields eased. Spot gold gained 1.1% to $4,434.70/oz by 0425, with investors awaiting U.S. nonfarm payrolls for Fed policy expectations.
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Gold Price Targets $4,500 as GLD ETF Inflows Soar Ahead of US Inflation Data
Gold price staged a strong comeback last week, reaching its highest level since July 17 after the US released the Bureau of Labor Statistics (BLS) released a weak non-farm payrolls (NFP) report. It jumped to $4,367, up by 10% from the year-to-date low. US Inflation Data and GLD ETF Inflows Gold jumped after the US rele