US Jobs Report Likely to Inform Inflation Narrative – GoldSilverReports

Nonfarm Payrolls Report Cancelled Amid Ongoing U.S. Govt Shutdown
  • US jobs report likely to inform inflation narrative, US Dollar and Gold price.
  • If the labor market is strong, the Federal Reserve could plough ahead with larger rate hikes. 
  • Gold price could continue south if a strong result solidifies expectations of a 0.5% rate hike in March.

Gold price has been in a downward spiral since the start of February, and with the next major release for the commodity likely to be the US Bureau of Labor Statistics US jobs report for February, scheduled for release on Friday, March 10, traders may be wondering whether this will continue.

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Gold Report: व्यापारियों को फेड रेट में बढ़ोतरी के फैसले का इंतजार है

Gold Report

Gold Report: सोने की कीमतें पिछले सत्र में बढ़त के साथ खुलीं और पूरे दिन सकारात्मक दायरे में रहीं। सीपीआई डेटा के बाद पिछले सत्र में दैनिक चार्ट पर कीमतों ने ब्रेकआउट दिया है। गरमागरम महंगाई ठंडी पड़ गई। डेटा प्रिंट 7.8% y/y के पूर्वानुमान के मुकाबले 7.1% y/y पर आया। 

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Spot Gold Forecast: Bullion Looks to extend correction

MCX Gold Target 98,500 Very Very Soon, Buy on Dips [21 April 2025]

Spot Gold Forecast: The US markets will be closed due to the Labor Day holiday on Monday and as such market action is likely to remain subdued. In the early trading hours of the Asian session on Tuesday, the Caixin Services PMI data from China will be watched closely by market participants. A reading below 50 could remind investors of the slowdown in the world’s second-biggest economy and hurt gold. On the other hand, an unexpected improvement in the data could help the market mood improve, providing relief for the precious metal.

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