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Gold rebounds on Trump policy uncertainty despite robust US jobs data
Gold prices rebounded on Friday as uncertainty surrounding the incoming Trump administration's policies lifted safe-haven appeal, even as a stronger-than-expected U.S. employment data reinforced expectations the Federal Reserve might not cut interest rates as aggressively this year.
Gold Rises After Strong U.S. Jobs Data
Gold prices gained further amid uncertainties over the impact of future U.S. policy on the economy and inflation, even after the latest jobs report supported the case for a slowdown in interest-rate cuts.
Gold gains despite strong U.S. jobs data as traders feast on Trump uncertainty
Gold further gained Friday, capping a strong week as uncertainty around future U.S. policy under President-elect Trump sparked safe-haven demand, even as stronger than forecast U.S. jobs data reinforced expectations the Federal Reserve might not cut interest rates as aggressively this year.
Opinion
The Heritage Foundation
1d
Opinion
The Fed Lowered Interest Rates Too Soon
Inflation remains stubbornly above the Federal Reserve’s 2 percent target. Yet, instead of maintaining a firm stance at its ...
Forbes
3d
CD Interest Rates Forecast: Will CD Rates Go Up In 2024?
CD
rates
tend to
track
the federal funds
rate
. When the
fed
rate
goes down, CD
rates
decline, and vice versa. The
Federal Reserve
held the federal funds
rate
steady for nearly a year ...
4d
Here's How the Latest Fed Decision Could Affect Crypto Prices in 2025
The Federal Reserve, responsible for setting interest rates and shaping U.S. monetary policy, plays a critical role in ...
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