Gold tops $4,380 ahead of US jobs report as Middle East costs boost inflation

finance.yahoo.com

Gold futures climbed Friday as investors awaited the July jobs report, which economists expect to show 80,000 jobs added in the U.S. December gold futures opened at $4,298.30 per troy ounce, flat from Thursday, then rose to about $4,383 by 8:12 a.m. ET. A strong jobs report could reduce chances of a Fed rate increase next month. Gold has gained 4.8% over the past week, 4.2% over the past month, and 27% over the past year. Inflation concerns from Middle East energy costs remain.


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