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Gold price nears $4,500 as jobs data, Waller ease yield pressure

Source: kitco.com

Interest Rates & YieldsEconomic DataEnergy Markets & Prices
Gold price nears $4,500 as jobs data, Waller ease yield pressure

Spot gold and silver rose in early U.S. trading Thursday, extending Wednesday’s rebound. The move was supported by softer labor-market signals, a pullback in Treasury yields, and a less-hawkish tone from Fed Governor Christopher Waller, which collectively reduced the near-term rate outlook.

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