Gold Hits $4,135.50, Up 1.30% Overnight; Fed Rate Hike Bets Cool as Weak Jobs Data Lifts Commodities

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According to Jin10 Futures, precious metals surged overnight as gold futures rose 1.30% to $4,135.50 per ounce and silver climbed 1.54% to $61.44 per ounce. Cooling expectations for U.S. Federal Reserve rate hikes, weak non-farm employment data, and increased central bank gold purchases supported the rally. U.S. crude oil fell 0.17% to $68.46 per barrel amid easing Middle East tensions and higher supply expectations. Meanwhile, European equities rose broadly, with Germany's DAX up 2.16%, France's CAC 40 up 1.65%, and the UK FTSE 100 up 1.67%, while U.S. stocks finished mixed—the Dow Jones surged 1.14% to a record high, the S&P 500 held flat, and the Nasdaq declined 0.8%.
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