Gold stabilizes ahead of US jobs data
Gold prices settled today, Friday, at approximately $4,477 per ounce, amid expectations for the upcoming U.S. jobs report scheduled for this evening. The data will influence the Federal Reserve's decision regarding interest rates. Following a 2% increase on Thursday, traders are reducing their expectations for a rate hike this month if the data continues to show signs of declining inflation. Currently, there is a 50% probability of a rate hike based on forecasts. The results of the non-farm payroll report are anticipated to impact the U.S. monetary policy decision.
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