Gold Eyes Weekly Gains as the Dollar Firms and Inflation Surges


The week began with a cautiously optimistic mood on Wall Street following Friday’s better-than-expected payroll data, which revealed that the U.S. added 390,000 new jobs in May. This exceeded forecasts of 325,000. The positive payroll news resulted in just enough momentum for major indices such as the Nasdaq Composite and S&P 500 to achieve modest gains of 0.45% and 0.29% respectively on Monday.

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