Gold News – 08.Jan.2025
Gold News
Gold prices edged up on Wednesday, with spot gold rising 0.1% to $2,653.04 per ounce, as of 0844 GMT, and U.S. gold futures remaining unchanged at $2,666.70.
The market’s focus has shifted to key U.S. jobs reports due later this week, including the nonfarm payrolls report on Friday, which could influence the Federal Reserve’s rate decisions.
Additionally, China’s central bank increased its gold reserves for the second consecutive month, signaling continued demand from the world’s top gold consumer.
Author : Arman Shaban
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