Gold Steadies as Traders Await US Jobs Data, Monitor Mideast Tensions
Traders await labor data that could shape Federal Reserve policy, while spot gold stays near its lowest level since Aug. 19.
6 Articles
6 Articles
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.
Washington: Gold price movements on Tuesday with Achov, who are engaged in assessing the impact of tension in the Middle East and are expecting important data on the US labour market this week, which may be the forecast of the Federal Reserve's monetary policy.
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