Gold Steadies as Traders Await US Jobs Data, Monitor Mideast Tensions
Spot gold fell 0.3% to $4,437.10 an ounce as traders watched U.S. labor data and priced in a 66% chance of a September rate hike.
10 Articles
10 Articles
Gold prices have declined as investors await US labour market data this week, amid pressures from interest rate projections, tension in the Middle East and rising oil prices.
Gold prices fell today Tuesday, with clients reluctant to assess the impact of tension in the Middle East and expecting important data on the United States labour market to be released this week, which may constitute the forecast for the Federal Reserve Council ' s monetary policy.
The Economic Times
Times of IndiaGold steadies as traders await US jobs data, monitor Mideast tensions
Gold prices held steady as traders navigated heightened tensions in the Middle East and awaited pivotal labor data from the US. This economic data is expected to shape the market's forecast regarding Federal Reserve policy moves. With a 65% likelihood of a rate increase in September, market eyes are keen.
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