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flag Gold prices soar to near-record $3,600/oz as weak US jobs data fuels rate cut expectations.

flag Gold prices hit a near-record high of $3,600 per ounce as weak US job data increased expectations for a Federal Reserve rate cut this month. flag The US economy added only 22,000 jobs in August, raising the unemployment rate to 4.3% and signaling economic concerns, which has driven demand for gold as a safe haven. flag Lower interest rates reduce the opportunity cost of holding gold and weigh on the dollar, making the precious metal more attractive to investors. flag Central banks, particularly China's, have also been increasing their gold reserves, further supporting the metal's rise.

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