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Agency: U.S. employment data reinforces Fed’s cautious stance on interest rate cuts this year
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2025-01-13 18:02 5,172
Golden Finance reported that the latest U.S. employment data reinforced the Federal Reserve's cautious stance on cutting interest rates this year. After this scenario boosted the dollar, gold prices fell slightly in early trading, with gold futures falling about 0.2%. "After the data, the probability of the Fed not cutting interest rates in May surged to 67%, while the probability of a rate cut in June is closer to a 50/50 probability," Swissquote senior analyst Ipek Ozkardeskaya said in a note to clients. . ” However, strong central bank buying and safe-haven demand continued to support gold prices amid broader uncertainty about future U.S. policy under President-elect Trump. Traders are awaiting key U.S. inflation data later this week for more clues on the path of monetary policy.
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