Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessGold Prices Under Pressure Amid Rate Hike Jitters and Strong Jobs Data

Gold Prices Under Pressure Amid Rate Hike Jitters and Strong Jobs Data

Add to Favorite
Added to Favorite


Gold prices faced a decline in Asian trading on Monday as traders adjusted to the implications of a slower pace of U.S. interest rate cuts, following stronger-than-expected nonfarm payrolls data. This data strengthened the U.S. dollar, further pressuring gold.
Key Factors Impacting Gold Prices:

Stronger U.S. Dollar: The nonfarm payrolls data, which showed a solid job gain, has reduced expectations of aggressive rate cuts by the Federal Reserve. As a result, the U.S. dollar strengthened, which traditionally makes gold more expensive for holders of other currencies.
Rate Cut Expectations: Investors have lowered their bets on rate cuts this year, with some analysts, like Goldman Sachs, now projecting only two rate cuts instead of the previously expected three.
Inflation Data: With key inflation data scheduled for release later this week, markets are closely monitoring these numbers to gauge the Fed’s future rate decisions. Persistent inflation and a tight labor market could prompt the Fed to keep rates higher for longer, adding further downward pressure on gold.
Global Economic Uncertainty: Despite these pressures, gold’s losses were limited by ongoing uncertainty surrounding the U.S. trade policy under President Trump and the broader economic outlook. These factors continue to support safe-haven demand for gold, especially amid a broader sell-off in risk-driven assets like stocks.

Market Snapshot:

Spot gold fell 0.1% to $2,686.32 per ounce.
Gold futures expiring in February steadied at $2,714.41 per ounce.

Key Market Outlook:
The outlook for gold now hinges on inflation data due later this week. Should inflation persist, it could solidify the Fed’s stance on higher rates, which could dampen the appeal of gold as an investment.
For detailed financial insights on inflation data, market trends, and the broader economic outlook, you can explore resources such as the Commodities API for up-to-date information on commodities and economic indicators.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Citi Reaffirms Bullish Outlook on Boeing, Sees 50 percent Upside Potential

Citi analysts reaffirmed a Buy rating on Boeing (NYSE:BA)...

Weibo Posts Slight Revenue Beat as Advertising Weakness Offsets Growth in Value-Added Services

Weibo Corporation (NASDAQ:WB) delivered fourth-quarter results that narrowly topped...

Dollar General Stock Rises 5 percent After Strong Q4 Results

Dollar General (NYSE:DG) delivered better-than-expected fourth-quarter earnings, driving its...

UiPath Shares Plunge 14 percent as Weak Revenue Outlook Dampens Investor Confidence

UiPath (NYSE:PATH) saw its stock plummet over 14% intra-day...