US non-farm payrolls "unexpectedly cool" suppress interest rate hike expectations, with gold rising for a second consecutive day, reaching $4150 per ounce.

date
03/07/2026
Wisdom Finance App learned that due to weak US employment data, the possibility of the Federal Reserve raising interest rates to combat inflation has decreased, causing gold to rise for the second consecutive day. The price of gold broke through $4150 per ounce on Friday, with a 2.3% increase from the previous trading day, marking the largest single-day increase in three weeks.