Gold and Silver both saw some bullish momentum yesterday after weak private labor market data fostered investor optimism regarding potential Federal Reserve intervention to lower interest rates later in the year.

This data signals ongoing weakness in the labor market, potentially providing the Federal Reserve with the necessary impetus for rate adjustments. Investor confidence has increased as a result of the data as according to the CME FedWatch tool.

Over 65% of traders now anticipate the Fed will lower the benchmark rate at their September meeting, up from less than 50% a week ago. A rebound in crude oil prices today and a dip in U.S.

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