Gold prices stuck in range as traders look beyond today’s NFP — will Trump’s pressure on Powell break the stalemate?
From kitco.com
Gold prices traded firmly in range on Friday, and the latest U.S. Nonfarm Payrolls (NFP) report couldn't muster much energy. With President Trump increasingly applying pressure to Federal Reserve Chairman Jerome Powell to lower interest rates, the question now is: will political pressure finally change the Fed’s bias — or will gold need a different catalyst to break out? Tempered NFP Impact: No Breakout Yet The June NFP print was close enough to expectations, with solid but decelerating job growth. And markets barely missed a beat, with gold still trading between $3,437 and $3,165. The metal has effectively stalled, ...
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