FTEL:CC - Gold Rises as Mixed US Economy Signals Leave Investors Divided

The price of gold rose as optimism grew that the U.S. economy could avoid a “hard landing” given the actions of the Fed to rein in inflation. Bucking a trend in which gold has seen losses on a weekly basis since February, this week saw the precious metal gain 1% at the start of the week.

The jobs data released in the United States contributed to this bullishness as the statistics indicated that it was unlikely that the country would slide into...

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