Gold Steady After Three-Day Gain With US Payrolls in Focus
5 days, 4 hours ago

Gold Steady After Three-Day Gain With US Payrolls in Focus

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Gold steadied after a three-day advance as traders waited for the release of US payrolls figures that’ll help to shape the outlook for Federal Reserve policy this year. Bullion for immediate delivery traded near $2,670 an ounce, set for a gain of more than 1% in the first full trading week of the year. Gold was one of the strongest performing major commodities last year, logging a 27% gain and setting successive records as the Fed cut rates, central banks boosted their holdings, and investors sought a haven from geopolitical tensions. With US President-elect Donald Trump due to take office on Jan. 20, investors are also weighing the likelihood of a potential trade war or other tensions that could disrupt markets and boost haven demand.

History of this topic

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