Bloomberg

Gold Gains After U.S. Jobs Data Comes in Well Below Estimates

(Bloomberg) — Gold jumped to a four-week high after a key report showed the U.S. economy added fewer jobs than forecast, diminishing the possibility that the Federal Reserve will taper stimulus soon. Data on Friday showed the U.S. added 235,000 jobs in August, the smallest amount in seven months and well below economists’ forecasts. The dollar fell after the report, boosting gold, though the metal pared some of its gains as Treasury yields climbed.Bullion has struggled this year amid a global e

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