Ghana news briefing
Gold holds ground with US payrolls data on radar
By GhanaSummary Newsroom1 min read
Gold held steady on Friday and was poised for a small weekly gain, as attention turned to highly anticipated U.
Though gold is often viewed as an inflation hedge, elevated interest rates tend to weigh on the non-yielding asset.Prices jumped 2% on Thursday as traders scaled back expectations for a September rate hike after Fed Governor Christopher Waller said he would support leaving rates unchanged if data continued to show inflation pressures moderating.
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