Gold Prices Surge as US Job Growth Slows Sharply in October
Gold prices rose on Friday, boosted by a weaker US dollar.
Sharp Slowdown in US Job Growth Fuels Gold Price Rally
US job growth slowed to 128,000.
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Key Market Data:
- Gold prices rose 1.2% to $1,514/oz
- US unemployment rate rose to 3.6%
- US non-farm payrolls increased by 128,000
Market Outlook:
The current market sentiment is bullish for gold.
Technical Analysis: Gold Prices
- Support levels: $1,500, $1,480
- Resistance levels: $1,520, $1,540
What’s Next for Gold Prices?
Investors await Federal Reserve decisions.
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Additional Sections:
How to Trade Gold Amid US Job Market Slowdown
Impact of US Job Growth Slowdown on Global Gold Markets