logo
Share

Homepage

News

Gold Edges Lower as Dollar Rebounds: Key News and Trends

Gold Edges Lower as Dollar Rebounds: Key News and Trends

12 tháng 3 2025・ 02:55

Gold (XAU/USD) has dipped to around  $2,912/ounce, falling nearly 10 from its intraday high of $2,918 reached earlier in the session. The recovery of the U.S. Dollar is seen as the primary pressure point causing gold to retreat from its daily peak.

Key Data and News Highlights

1.jpgThe U.S. Labor Department reported that the economy added 151,000 jobs in February, slightly below the 160,000 jobs expected by economists surveyed by Reuters. The unemployment rate stood at 4.1%, compared to the anticipated 4%.

Federal Reserve Chair Jerome Powell stated early Friday that the Fed will take a cautious approach to easing monetary policy, adding that the economy "remains in good shape."

While gold is a hedge against inflation, rising interest rates can diminish its appeal as it does not yield interest.

Markets are currently pricing in expectations for the Fed to begin cutting rates starting in June, with a total of 76 basis points in rate cuts anticipated for the remainder of the year.

Market Focus

Attention is now turning to the upcoming Federal Reserve meeting. Additionally, inflation reports and retail sales data will provide further guidance for broader market trends, particularly for the gold market.

Gold's slight decline reflects the interplay between a stronger Dollar and shifting expectations around monetary policy, with investors closely monitoring economic indicators for future direction.

Source: BestSC

Trans: Infofinance.com

Infofinance.com disclaimer:

All information on our website is for general reference only, investors need to consider and take responsibility for all their investment actions. Info Finance is not responsible for any actions of investors.
logo
InfoFinance do not provide investment advice. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks
🏠 Contact address

1 Street 10, Thao Dien Ward, District 2, Ho Chi Minh City

🤝 Contact for cooperation
📞 Hotline