Reported 1 day ago
Gold prices stabilized following a three-day increase, as traders await US payroll figures that will influence Federal Reserve policy. Currently trading around $2,670 an ounce, gold has shown strong performance with a 27% gain last year, driven by low interest rates and increasing demand for safe-haven assets amid geopolitical tensions. As markets anticipate job growth data for December, expectations for interest rate cuts are being adjusted, impacting gold's performance amidst a firm US dollar and rising Treasury yields.
Source: YAHOO