Gold Holds Gains As Weak US Jobs Data Lowers Rate Hike Odds

Gold maintained gains for two consecutive days, staying above $4,100 following the release of weak US jobs data. This economic report has significantly reduced the odds that the Federal Reserve will raise interest rates this year to address inflation. The shift in market dynamics and monetary policy expectations has increased the appeal of hard assets, as investors react to the lowered probability of further rate hikes based on the latest employment statistics.