Gold continues to rise
The price of gold has reached its highest level since March 2022.
The price of gold has reached its highest level since March 2022. This growth was fostered by a weakened dollar amidst the latest ADP National Employment Report. That indicator showed only 145,000 new jobs, significantly less than was expected. Weak macroeconomic data from the United States are leading to expectations that the Federal Reserve will slow its interest rate hikes. Coupled with continued high inflation, this allows gold to continue its upward trend.
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