US Jobs Data in Focus as Gold Prices Hover Near Record Highs

24.12.06

Gold prices remain stable as investors anticipate the release of the US nonfarm payrolls report, which could influence the Federal Reserve’s interest rate decisions. Strong labor data might discourage aggressive rate cuts, potentially impacting gold prices. Despite recent fluctuations, gold has seen significant gains in 2024, supported by rate cut expectations and central bank purchases.

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