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Gold’s Direction Ahead of Jobs Report | Business and Finance News
Description
Gold futures hover near $4,100 as markets brace for the June jobs report—expected to show 115K new jobs and steady unemployment at 4.3%. New Fed Chair Kevin Warsh signals cooling inflation, dropping odds of a July rate hike below 30%. Higher rates typically hurt gold, since it doesn’t yield interest—but gold’s up 1.5% weekly and a whopping 21.6% year-over-year, showing resilience. For diversification, consider a gold IRA, compliant with IRS rules, to hold physical gold tax-efficiently.
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