Gold subdued as US jobs data firms bets for smaller rate cut
- Posted on October 7, 2024
- By Business News Today
- 3 Views
Gold subdued as US jobs data firms bets for smaller rate cut
Gold prices slightly decreased as a strong U.S. jobs report led to lowered expectations for a large Fed rate cut. Market participants are now waiting for upcoming inflation data and comments from Federal Reserve officials. In other markets, silver, platinum, and palladium saw slight gains. Key economic data from Germany, the UK, and France is also expected.