Gold Prices Surge as Weaker-than-Expected U.S. Jobs Report Raises Rate Cut Expectations

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Johnny Lee
XAUUSD
·
Jan 09 2025
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In December, the U.S. non-farm payroll report showed weaker-than-expected private employment, leading some to believe the Federal Reserve may not be as cautious about rate cuts this year. This helped push gold prices to a four-week high.

Traders are focused on the upcoming U.S. non-farm payroll data and President Trump's inauguration. The Fed anticipates inflation to ease, but the impact of Trump's policies could affect gold prices, as high interest rates reduce gold's investment appeal.