(Bloomberg) -- Gold headed for a back-to-back weekly gain on expectations that the Federal Reserve will trim interest rates before year-end, with traders...
-- Gold headed for a back-to-back weekly gain on expectations that the Federal Reserve will trim interest rates before year-end, with traders looking ahead to US payrolls data for the next batch of clues on the outlook.House Democrats Consider Demanding Biden Withdraw From RaceBullion for immediate delivery traded above $2,363 an ounce after rising by more than 1% this week. Silver has also benefited from the upswing, advancing back toward $31 an ounce.
The US employment report is expected to show a step-down in hiring, plus a moderation in wage growth. Payrolls probably rose by 190,000 last month, according to the median estimate in a Bloomberg survey. Unemployment was seen holding at 4%, the highest in more than two years.If the Optimus robot somehow catapults Tesla to Musk’s $30 trillion market cap target, bears like the Microsoft cofounder could be wiped out—but that is a big if.
Nancy Pelosi disclosed stock market trades made by her husband. He loaded up on AI plays like Nvidia and sold Tesla.
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