Gold declines as US jobs data improves and interest rate cut hopes diminish
Gold prices fell slightly today, Thursday, after US jobs for January recorded a stronger than expected performance, reducing hopes for a reduction Interest rates by the Federal Reserve (the US central bank) in the near term.
And The price of gold in spot transactions rose by 0.3% to $5,062.83 per ounce by 11:59 GMT, and US gold futures (April delivery) also decreased by 0.3% to $5,084.30 per ounce.
And in the white metal, the price of silver fell 0.6% to $83.52 per ounce, after rising by 4% yesterday. Wednesday.
The Federal Reserve is likely to keep interest rates steady for a longer period after data released on Wednesday showed that the US labor market started 2026 on stronger footing than expected.
Meanwhile, investors are waiting The weekly unemployment claims report in the United States later today, Thursday, and inflation data tomorrow, Friday, for further indications of the path of the Federal Reserve’s monetary policy.
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