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Gold prices surged by approximately 1% on Friday, marking their strongest monthly performance since April. This increase was fueled by U.S. inflation data, reinforcing expectations of a potential Federal Reserve interest rate cut next month. Spot gold reached $3,443.19 per ounce, while silver and platinum also saw gains.
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The holiday with activist roots is celebrated on the first Monday of September, creating a three-day weekend that marks the unofficial end of summer.
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A federal appeals court ruled Friday that President Donald Trump had no legal right to impose sweeping tariffs on almost every country on earth but left in place for now his effort to build a protectionist wall around the American economy.
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