Bullion’s upward momentum is expected to continue after rallying even before poor jobs print
Bengaluru — Gold prices held steady near a two-and-a-half-month peak on Monday after disappointing US jobs data raised the hope the Federal Reserve could wait a bit longer to pare stimulus measures, bolstering bullion’s appeal as an inflation hedge.
Fed chair Jerome Powell had hinted last month that reaching full employment was a prerequisite for the central bank to start paring back its asset purchases.
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