Gold Climbs Above $3,280 as Dollar Hits 3-Year Low Ahead of Key Jobs Data

How Much of Your Portfolio Should Be in Precious Metals?

Gold prices rose 0.4% to $3,287.29 per ounce on Monday, supported by a weakening U.S. dollar that hit its lowest level in over three years.

The precious metal has gained 5.3% this quarter as investors anticipate Federal Reserve rate cuts beginning in September.

Markets are closely watching upcoming U.S. jobs data, including Wednesday’s ADP report and Thursday’s non-farm payrolls, which could influence the Fed’s decisions on interest rates.

President Trump’s recent comments about preferring Fed leadership that supports lower rates have also contributed to gold’s strength.

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