US EditionGold Steadies as Modest US Jobs Data Offsets Trade Uncertainty
- Gold prices steadied near $3,370 on Wednesday amid modest US jobs data and persistent US-China trade uncertainties in 2025.
- The market reaction followed the May ADP report showing only 37,000 private sector jobs added versus 115,000 expected and ongoing tense US-China trade talks.
- Demand for safe-haven assets rose amid growing concerns about the global economy, cautious signals from the Federal Reserve, and ongoing uncertainty related to trade relations and weakening labor market conditions.
- Senior market analyst Kelvin Wong noted that uncertainties remain prevalent, particularly concerning trade interactions between China and the U.S., which has led to a cautious outlook among investors.
- The FedWatch Tool indicates a 55.6% chance of a September rate cut, suggesting the Fed may ease policy amid these economic challenges, influencing gold’s rally and safe-haven appeal.
Insights by Ground AI
Does this summary seem wrong?
11 Articles
11 Articles
All
Left
Center
1
Right
1
Gold prices declined slightly in domestic markets during today ' s Wednesday dealings, with ounces falling on the global exchange, and trade tensions between the United States and China escalated, but the stability of the dollar limits the rise in gold despite the demand for safe haven at the beginning of the week, and according to the report of the Platform ' s formulation.
MSN+2 Reposted by 2 other sources
Gold rises amid US-China trade uncertainty, softer dollar
·United States
Read Full Article
Coverage Details
Total News Sources11
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
