Gold holds steady before US jobs report
Gold prices are stabilizing ahead of the upcoming U.S. employment data set to be released tomorrow, Friday, as investors look for indicators regarding the direction of interest rates in the United States. So far, the gold price has steadied at $4,146.66 per ounce, with futures declining by 0.3% to $4,177. Expectations of an 87% chance of interest rate hikes in December are weighing on its appeal, as it does not generate yields. Other precious metals like silver, platinum, and palladium have also fallen, while markets remain focused on the data results that could influence Federal Reserve decisions.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)