Gold prices stayed depressed for a third straight day, hitting a one-week low on Monday. That’s down after a firm start this week in reaction to a much better than anticipated US jobs report. This hasn’t helped hopes for expected near-term rate cuts from the Federal Reserve this year.
As the market participants come to terms with the significance of this economic data, gold prices have crashed back toward the $3,300 area. The robust jobs report has made gold—a zero-yielding asset—less attractive. Traders are pricing in only a 34% chance that there will be another hike between now and the end of the year.
US Labor Department’s most recent figures, showing stunning job growth, indicate that our economy is still building strength. Indeed, a number of analysts are now expecting the Federal Reserve to delay its desired timeline for rate cuts. This may help to support gold prices, since lower rates tend to make gold a more attractive investment than yield-bearing assets.
As market analysts have noted, a new mood has settled over the commodities market. This recent shift is a result of shorting on Fed rate cuts and is adding even more bearish weight on gold prices. Investors are more laser-focused on economic indicators that might give a clue as to what the central bank might do next with its monetary policy.
While we’ve seen a lot of discussion in financial circles about what new opportunities might be found in alternative asset classes, the gold market continues to fluctuate.
“The Best brokers to trade EUR/USD.” – source not explicitly mentioned
If you’re looking for something other than stocks to diversify your portfolio, professional investors recommend checking out the Forex market .
“Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you’re a beginner or an expert, find the right partner to navigate the dynamic Forex market.”