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Gold Hovers Near Seven-week High After Weak US Data

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Gold extended gains for a fourth straight session to a seven-week high, supported by overnight softer U.S. labor market data. The move was reinforced by a weaker U.S. dollar and lower Treasury yields, improving real-rate dynamics for non-yielding bullion.

Analysis

Gold extended gains for a fourth straight session to a seven-week high, supported by overnight softer U.S. labor market data. The move was reinforced by a weaker U.S. dollar and lower Treasury yields, improving real-rate dynamics for non-yielding bullion.

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