Money and business

Urgent | Latest prices: Gold declined, affected by diminishing interest rate cut expectations


Saw declined significantly, Thursday evening, as investors focused on the US jobs report for September, which exceeded expectations, reducing hopes for a cut in interest rates by the Federal Reserve next December.

And against most major currencies, which raises the cost of gold for buyers from outside the United States.

The US Department of Labor report, whose release was delayed due to the government closure, reported an increase in non-farm jobs in September by about (119) thousand jobs, more than double the expected increase of (50) thousand jobs.

In other precious metals, spot silver fell by (1.7%) to (50.47) dollars per ounce, and platinum declined. (2.3%) to (1,510.70) dollars, while palladium decreased (0.1%) to (1,379) dollars.

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