Gold Jumps to record high on Fed rate cut outlook

Bullion Forecast Today: Gold High 50685, Resistance Key 50800

Bullion Forecast Today: Gold prices recovered sharply from a six-week low as a worsening energy crisis in Europe drove up safe haven demand. Metal price also witnessed gains, after U.S. data showed moderate wage growth in August and a rise in unemployment rate to 3.7% suggested the labour market was starting to loosen.

READ MORE…