fromLondon Business News | Londonlovesbusiness.com
5 hours agoGold relatively steady as strong payrolls clash with rising geopolitical risk - London Business News | Londonlovesbusiness.com
Gold remained in a consolidation zone on Thursday as the market reacted to resilient US data and mounting geopolitical uncertainty. On the macro front, stronger-than-expected nonfarm payrolls reduced immediate fears of labour market deterioration, weighing on gold. However, markets still anticipate two rate cuts this year. Attention now shifts to upcoming inflation data, which could reshape expectations. A stronger-than-expected print may lift yields and pressure gold, while signs of cooling prices would reinforce dovish monetary policy expectations, supporting the metal.