Gold prices rose on Friday as investors weighed weaker-than-expected U.S. jobs data along with broader geopolitical uncertainty. These factors boosted the appeal of the precious metal as a safe-haven asset. Investors are seeking safe havens amid geopolitical tensions and economic uncertainty. Weak U.S. labor market data also fueled expectations that the Federal Reserve might ease its monetary policy, which is positive for gold.
Gold Prices Rise on Weaker U.S. Jobs Data and Geopolitical Uncertainty
Gold prices rose on Friday as investors weighed weaker-than-expected U.S. jobs data along with broader geopolitical uncertainty. These factors boosted the appeal of the precious metal as a safe-haven asset.