• Sun, Feb 8, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

10 January 2025 23:15  |

Gold Surges Following Jobs Report

Gold futures jumped after the release of the jobs report--which showed 256,000 jobs being added in December, more than expected by the market.

"Gold's strength following a robust jobs report might seem counterintuitive, as it typically suggests a stronger dollar and higher yields, which are headwinds for gold," says Alex Ebkarian of Allegiance Gold. "But this reaction highlights a broader unease among investors--it reflects deeper fears about structural issues like unsustainable debt levels, overvalued markets, and geopolitical uncertainty."

Gold is now up 1.5%, to $2,732 an ounce--nearing the record of $2,800 an ounce set in October.

Source :  Dow Jones Newswires

Related News

GOLD

Gold Futures Down in Cautious Trade as U.S. Dollar Strength...

Gold futures fell after hitting their highest level in more than a week. Futures were down 0.2% at $2,625 an ounce. Trading i...

20 November 2024 16:28
GOLD

Gold Futures Rise, Kicking Off 2025 on a Positive Note

Gold futures rose, kicking off the new year on a positive note. Gold futures were up 0.3% at $2,647.90 a troy ounce. The mark...

2 January 2025 16:15
GOLD

Gold Prices Down amid Stronger USD; Focus Remains on FOMC D...

Gold (XAU/USD) prices attracted some sellers heading into the European session on Tuesday (17/12) and retraced closer to the ...

17 December 2024 14:39
GOLD

Gold Prices Drop on Middle East Ceasefire

Gold prices (XAU/USD) fell during the North American session on Monday (11/25) as news of a ceasefire between Lebanon and Isr...

26 November 2024 06:51
BIAS23.com NM23 Ai