Gold’s ascent continued on Thursday, marking the fourth day of increases and reaching a seven-week high. This rally was driven by a softer dollar and dipping Treasury yields. Additionally, hopes for the reopening of the Strait of Hormuz added positive vibes. Market watchers are now keenly awaiting the U.S. nonfarm payrolls data for July.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.