Gold extends its two-day rise as weaker-than-expected U.S. jobs data lowers market expectations for Federal Reserve rate hikes. Both reports say the new labor figures reduce the likelihood that the Fed will raise interest rates further this year as part of its inflation-fighting efforts. The currency and rate outlook implied by the softer labor data is linked to gold’s price performance, with traders adjusting expectations for the timing and extent of potential policy moves. The Financial Post notes that gold continues the gain streak following the release, while Bloomberg similarly describes gold as holding its gains over the same two-day period. Overall, the coverage focuses on how changes in expectations for Fed action—driven by the latest U.S. employment data—support gold sentiment. Neither source presents additional drivers beyond the revised rate-hike odds, and both attribute the movement primarily to the reaction to the jobs report.