INSUBCONTINENT EXCLUSIVE:
On December 5, gold futures experienced a decline as traders exercised caution ahead of the upcoming United States payroll report
This report is anticipated to provide crucial insights that could influence expectations regarding interest rates.The drop in gold prices
This surge reflects a growing interest in diverse investment assets.Specifically, February gold futures fell by 1.04%, settling at $2,648.40
per troy ounce on the Comex, part of the New York Mercantile Exchange (Nymex).Analysts predict that the official United States employment
report, set for release on Friday, will show an increase in job creation
November.This represents a significant rise from the mere 12,000 jobs reported in October
The Bank of America noted that any improvement reflected in the November payroll figures might be seen by the Federal Reserve as a positive
outcome.Gold Prices Decline Amid Bitcoin Surge Ahead of United States Payroll Report
Consequently, expectations surrounding potential interest rate cuts by the Fed could bolster investor enthusiasm for gold, despite its lack
Group announced plans to launch one-ounce gold futures on January 13
This initiative aims to meet increasing demand from retail investors.Jin Hennig, CEO and Global Head of Metals at CME Group, remarked on
one-ounce gold futures will expand opportunities for a broader range of retail traders
This expansion will enhance their access to liquidity and improve efficiency within the market.
