Source: Reuters (via feed)
Gold and silver prices rebounded on Friday following a drop to near one-week lows in the prior session. The losses deepened after gold fell below key support levels. This decline was triggered by strong U.S. jobs data, which reduced expectations for interest rate cuts. However, bargain-hunting buyers stepped in, lifting both metals off their lows.
The rebound occurred despite selling pressure earlier in the week. Market participants appeared to view the lower prices as buying opportunities. Meanwhile, the strong employment report in the United States indicated robust economic conditions. As a result, investors reassessed the outlook for monetary policy tightening.
Gold and silver traded higher in early Friday sessions, recovering from the declines seen on Thursday. The metals have been sensitive to U.S. economic data, affecting demand and price movements. This dynamic caused sharp swings between loss and recovery. Investors continue to monitor key support levels and economic indicators closely.
The gold and silver price movements reflect investor reactions to U.S. economic data, impacting market expectations for interest rates.
