Market Dynamics
Gold prices edged lower in early trading, pressured by the latest U.S. nonfarm payrolls data. New York futures remained stable below the $5,100 threshold.
Economic Impact
Stronger-than-expected job growth and falling unemployment have dampened market expectations for near-term rate cuts by the Federal Reserve, weighing on gold prices.
Market Outlook
- Saxo Bank analysts noted that markets are gradually normalizing after recent volatility.
- With the Chinese New Year holiday approaching, risk appetite and liquidity may face additional constraints.