Gold down as US jobs data curbs rate cut expectations
Gold prices eased on Monday as strong U.S. jobs data reinforced the Federal Reserve's cautious stance on interest rate cuts and boosted the dollar, though underlying safe-haven demand amid uncertainty around President-elect Donald Trump's policies curbed losses.
Gold Rises After Strong U.S. Jobs Data
Gold prices gain further in afternoon trade amid uncertainties over the impact of future U.S. policy on the economy and inflation, even after the latest jobs report supported the case for a slowdown in interest-rate cuts.
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Gold prices dropped on Monday, pressured by stronger-than-expected U.S. payroll data, which dampened hopes for significant Federal Reserve rate cuts. Spot gold fell 1% to $2,662.20 an ounce, while February gold
Gold drops 1% as robust US jobs data strengthens dollar
Gold prices dipped on Monday as the U.S. dollar soared to an over two-year high after a robust jobs report last week cemented expectations the Federal Reserve will proceed with caution with cutting interest rates this year.
Gold Eases as U.S. Jobs Data Supports Fed’s Cautious Stance
Gold prices edged lower after the latest U.S. jobs data reinforced the Fed’s cautious stance on rate cuts, boosting the dollar, however prices continued to be supported by strong central-bank buying and safe-haven demand.
Gold eases US jobs data bolsters the dollar, douses rate cut hopes
Gold prices edged lower on Monday as a stronger-than-expected U.S. jobs report reinforced the Federal Reserve's cautious ...
Jobs Report: Bond Yields Rise And Stocks Fall
Stocks and bonds declined in response to much better-than-expected job growth. This week's CPI report could further pressure ...
More Jobs Data This Coming Week: Nothing To Suggest A Change In Trend Is Afoot
Jobless claims have consistently hovered between 210k - 230k with the exception of October and the hurricanes in North ...
Most Gulf markets fall after stronger than expected US jobs data
Most stock markets in the Gulf were subdued on Sunday following stronger than expected U.S. jobs data, which reinforced ...
U.S. Oil Production Is Booming. Oil Jobs Are Not.
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as ...
Economy adds 256,000 jobs in December as hiring picked up toward the end of 2024
The U.S. labor market added 256,000 jobs in December, a strong showing at the end of 2024, as the labor market revved up ...
Jobs Report Today: Economy Added 256,000 Jobs in December, Far Above Forecasts
The final jobs report of 2024 showed an uptick in hiring and a slight decrease in the unemployment rate. Get updates on stocks and other markets, including the Dow Jones Industrial Average, S&P 500 ...
US adds whopping 256K jobs in December
The U.S. added 256,000 jobs and the unemployment rate ticked down to 4.1 percent in December, according to data released ...
Towering dollar after solid jobs data leaves peers struggling
The dollar began the week on a strong note on Monday, leaving its peers languishing near multi-year lows after a blowout U.S.