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Gold falls 1%, poised for weekly loss as US jobs data dims rate-cut hopes
Gold prices fell more than 1% on Friday and were set for a weekly decline after a robust U.S. jobs report dampened expectations of a Federal Reserve rate cut next month, weighing on the non-yielding metal. Spot gold fell 1% to $4,036.21 per ounce, as of 1056 GMT. Bullion has dipped 1% this week. U.S. gold futures for December delivery fell 0.7% to $4,033.30 per ounce. "The prospect of further rate cuts has been somewhat doomed by decent labour market data that came out yesterday. I think that's really the primary factor" weighing on gold, said Nitesh Shah, commodities strategist at WisdomTree. Thursday's delayed ... (full story)
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Gold prices moved lower on Thursday as investors further scaled down their expectations for another U.S. Federal Reserve interest rate cut in December as they parsed today's U.S. non-farm payrolls data. Front Month Comex Gold for November delivery declined by $21.20 (or 0.52%) to $4,056.50 per troy ounce. Front Month Comex Silver for November delivery ...
Job growth was better than expected in September with the best job gains since April, according to the delayed government report. But key data is still missing, and questions remain about the strength of the economy. That uncertainty comes as the Fed prepares to consider another rate cut. Geoff Bennett discussed more with Austan Goolsbee, president of the ...
NEW YORK FED'S WILLIAMS: FED CAN STILL CUT RATES IN THE NEAR TERM GIVEN CURRENT POLICY IS MODESTLY RESTRICTIVE WILLIAMS: INFLATION PROGRESS HAS STALLED, BUT SHOULD BE ON TRACK TO 2% IN 2027 *FED'S WILLIAMS STILL SEES ROOM FOR A NEAR-TERM RATE CUT 
Williams: Navigating Unpredictable Terrain Good morning. It’s a pleasure be here to celebrate the 100th anniversary of the Central Bank of Chile. The topic of my remarks today is inflation targeting, which is both an important part of Chile’s central banking history and a core foundation of successful monetary policy. Most central banks around the world have adopted inflation targeting regimes over the past 35 years, and Chile was among those leading the way. Although specifics vary across jurisdictions, these strategies share three principles: independence and accountability, transparency and the clear communication of an inflation target, and well-anchored inflation expectations, gained from the credibility that central banks build over time.1 Today I will discuss the success of inflation targeting strategies in helping central banks achieve price stability and better economic outcomes. I’ll also talk about how these strategies were critically important in managing uncertainty after the onset of the COVID-19 pandemic—and how they helped countries bring inflation down while minimizing disruptions to financial markets and economies. Fed's Williams: Tariffs adding half to three-quarter PPT to inflation
Williams: Navigating Unpredictable Terrain Good morning. It’s a pleasure be here to celebrate the 100th anniversary of the Central Bank of Chile. The topic of my remarks today is inflation targeting, which is both an important part of Chile’s central banking history and a core foundation of successful monetary policy. Most central banks around the world have adopted inflation targeting regimes over the past 35 years, and Chile was among those leading the way. Although specifics vary across jurisdictions, these strategies share three principles: independence and accountability, transparency and the clear communication of an inflation target, and well-anchored inflation expectations, gained from the credibility that central banks build over time.1 Today I will discuss the success of inflation targeting strategies in helping central banks achieve price stability and better economic outcomes. I’ll also talk about how these strategies were critically important in managing uncertainty after the onset of the COVID-19 pandemic—and how they helped countries bring inflation down while minimizing disruptions to financial markets and economies. Fed's Williams: Tariffs adding half to three-quarter PPT to inflation
