Gold Surges Above $2000 as U.S. Jobs Report Disappoints

Gold prices have surpassed $2,000 as the U.S. economy created 150,000 jobs in October, falling short of expectations. The report also revealed a rise in the unemployment rate to 3.9% and a slowdown in wage growth. These disappointing figures have fueled buying momentum for gold. Economists believe that the weak employment and wage growth will support the expectation that the Federal Reserve has completed its tightening cycle.