Following a recent surge, the price of gold has shifted, with new data supporting a broader market rally while alleviating concerns about a possible hard landing for the U.S. economy. Last week, bullion for immediate delivery recorded a 1.9% rise, a huge recovery from the almost 3% decrease it recorded during its losing streak.
This rebound was observed after the U.S. Department of Labor released data reporting the largest reduction in unemployment benefit applications in…
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