Gold price surge on weak US ADP report fueling Fed rate cut speculation
Gold price is gaining 1.18% amid mixed US economic data and lower Treasury yields. US 10-year Treasury yield drops to lowest level since April, following a softer-than-expected jobs report. US Dollar Index increases 0.22% to 104.7 but fails to curb Gold’s advance. Gold’s price remains range-bound and advanced on Wednesday, making a U-turn to Tuesday’s…