"Gold traded in a range on Friday. The anticipation ahead of the release of the NFP report fuels some caution. The report could shape expectations for Federal Reserve monetary policy in 2026. Markets currently anticipate two rate cuts this year. A weaker-than-expected jobs report would reinforce the view of a cooling labour market, likely supporting gold. Conversely, a resilient reading could challenge easing expectations and trigger near-term pressure on the metal."
"The geopolitical backdrop remains firmly supportive. Rising tensions in multiple regions continue to underpin demand for safe-haven assets. In Eastern Europe, escalating tensions have further reduced the likelihood of a near-term peace agreement, sustaining geopolitical risk premia in global markets. In the meantime, the US Senate has advanced a resolution aimed at limiting President Trump's ability to conduct further military action in Venezuela without congressional approval, potentially tempering further escalation risk going forward."
Gold traded in a range ahead of the US nonfarm payrolls report, with the upcoming release expected to influence Federal Reserve policy expectations for 2026. Markets currently anticipate two rate cuts this year. A weaker-than-expected jobs print would reinforce a cooling labour market narrative and likely support gold, while a resilient reading could challenge easing expectations and exert near-term pressure on the metal. Geopolitical tensions across multiple regions continue to underpin demand for safe-haven assets, particularly amid escalating conflict in Eastern Europe. The US Senate advanced a resolution limiting presidential military action in Venezuela. Global gold ETFs recorded strong inflows and central bank purchases continued.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]