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Market Impact: 0.35

Gold holds near two-week high on easing Fed rate-hike bets

Interest Rates & YieldsEconomic DataMonetary PolicyEnergy Markets & Prices

Gold held steady near a two-week high after a softer-than-expected U.S. jobs report last week reduced expectations for additional Federal Reserve rate hikes. The change in rate-hike odds supported gold pricing, keeping momentum close to recent levels.

Analysis

Gold held steady near a two-week high after a softer-than-expected U.S. jobs report last week reduced expectations for additional Federal Reserve rate hikes. The change in rate-hike odds supported gold pricing, keeping momentum close to recent levels.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.12