Gold Gains for Third Day Before US Data That May Shape Rate Path
- Attention is shifting to Friday’s US payrolls report
- Goldman recently pushed back $3,000 outlook on fewer rate cuts
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Gold rose for a third day as traders mulled the outlook for the Federal Reserve’s easing path, ahead of key jobs figures due later Friday.
Bullion traded near $2,670 an ounce — touching the highest since mid-December — but showed limited movements with some US financial markets closed Thursday. Recent data showed US private-sector hiring and wage growth slowed in December.