Gold edges higher in early Asian trade. An unexpectedly weak U.S. jobs report raised expectations of a Fed rate cut later this month, supporting gold, the ANZ Research team writes in a note.
Investor demand has also been supported by worries of the Fed losing its independence as Trump continues to interfere with governor appointments, they add. Spot gold is 0.2% higher at $3,593.41/oz.
Source: Bloomberg
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