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Gold Jumps to Record High on Iran Tensions, U.S. CPI in Focus
U.S. nonfarm payrolls for December rose by 50,000, below market expectations of a 60,000 increase. However, the unemployment rate edged down to 4.4%, below forecasts of 4.5%, suggesting the labour market has not deteriorated rapidly. Following the data release, markets bet that the Federal Reserve would pause rate cuts for longer. At the same time, the weaker-than-expected jobs report did little to alter expectations for rate reductions later this year. U.S. equities advanced across the board, with the Nasdaq rising 0.81%, the S&P 500 gaining 0.65%, and the Dow Jones climbing 0.48% to a record closing high. The U.S. ... (full story)
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From finance.yahoo.com | Jan 11, 2026
Gold jumped to a record high as the US Justice Department threatened the Federal Reserve with a criminal indictment, while intensifying protests in Iran kept geopolitical tensions elevated. Bullion rose to just shy of $4,600 an ounce on Monday after Fed Chair Jerome Powell said the central bank had been served grand jury subpoenas from the Justice ...
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