Gold tops $3,600 as weak jobs data fuels fed cut hopes
Gold prices hit a record $3,605/oz Monday after weak US jobs data boosted rate-cut bets. Non-farm payrolls rose just 22,000 in Aug vs 75,000 forecast, pushing unemployment to 4.3%. FedWatch shows 90% odds of a 25 bps cut. A softer dollar also aided bullion, which thrives in low-rate environments. GLD sentiment on Stocktwits was 'extremely bullish'.