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.

Read More →

Gold Bears Brace For $1,782 With Eyes on US NFP | Neal Bhai

क्या भारत में सोने की कीमत 55,000 रुपये प्रति 10 ग्राम तक आ सकती है? जानें तथ्य और भविष्यवाणी

Gold remains offered around $1,801, down 0.18% intraday, while keeping the break of key support during Friday’s Asian session. While strong rebound of the US Treasury yields and record equities weighed on the metal prices the previous day, firmer US dollar and cautious mood seem to favor sellers of late.

Read More →