INSUBCONTINENT EXCLUSIVE:
Gold prices retreated on January 6, 2025, as investors anticipated key economic indicators
Spot gold fell 0.3% to $2,632.47 per ounce, while February gold futures dropped 0.4% to $2,644.50 on the Comex division of the New York
Mercantile Exchange.Rising United States Treasury yields pressured gold prices
The 10-year Treasury yield reached a one-week high, making non-yielding gold less attractive to investors.Nitesh Shah, a commodity
strategist at WisdomTree, noted this relationship between bond yields and gold prices
Market participants now focus on upcoming economic data.The United States jobs report on Friday holds particular importance
Job openings data and ADP employment numbers also draw attention this week.The Federal Reserve recently hinted at a slower pace of rate cuts
This stance has kept investors cautious
The central bank may need to maintain higher rates longer to address persistent inflation above its 2% target.Gold Prices Dip as Market
His proposed tariffs and protectionist policies could stoke inflation.This scenario might lead to higher commodity prices and sustained
Despite current challenges, some analysts maintain a bullish outlook
Matt Schwab from Quantix Commodities predicts gold could reach $3,000 by year-end.Bank of America and JPMorgan Chase share similar
projections for late 2025
The gold market continues to navigate complex economic and geopolitical landscapes.Investors must weigh various factors as they make
decisions in this dynamic environment
