Gold prices surged above $4,500 on Friday, positioning the precious metal for an impressive weekly gain of nearly 4%. The upward momentum followed a mixed employment report from the US, which revealed that job additions fell short of expectations. Despite this, the US Unemployment Rate did decrease, fueling expectations that the Federal Reserve may enact interest rate cuts later this year.
This latest development in the labor market has left traders weighing the implications for the US dollar, particularly against major currency pairs like EUR/USD. As investors recalibrate their outlook on monetary policy, gold’s robust performance highlights a growing appetite for safe-haven assets amid economic uncertainty. The ongoing volatility in exchange rates continues to influence trading strategies as market participants adjust to potential shifts in the Fed's stance.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 19:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.