Gold Extends Record Run With $2,200 in Sight After US Jobs Data

(Bloomberg) — Gold extended its rally to a fresh record high after a key US jobs report bolstered expectations that the Federal Reserve will soon cut interest rates.

The precious metal climbed as much as 1.6% to $2,195.15 an ounce, rising for an eighth straight day in an advance that has been fueled by hopes for rate cuts, central bank buying and renewed investor interest.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.