Gold Hits 2-Month High Above $4,400 as China Keeps Hoarding
Gold muscled back above $4,400 an ounce this week, hitting its highest level in roughly two months as a brutal U.S. jobs print, relentless Chinese central bank buying, and suddenly softer Federal Reserve expectations sent traders scrambling back into bullion. The metal ran as high as roughly $4,434 to $4,435 before sellers finally stepped in. […]
Key Takeaways
- Gold muscled back above $4,400 an ounce this week, hitting its highest level in roughly two months as a brutal U.S.
- jobs print, relentless Chinese central bank buying, and suddenly softer Federal Reserve expectations sent traders scrambling back into bullion.
- The metal ran as high as roughly $4,434 to $4,435 before sellers finally stepped in.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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