Gold Prices Face Uncertainty as Jobs Report Looms and Traders Weigh Fed Rate Cut Prospects
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Gold price faces pressure as investors await US jobs data and focus on prospects for Fed interest rate cuts.
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Today's NFP report expected to show 170K jobs added in December and unemployment remaining low.
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Wage growth expectations have softened, which could support case for Fed rate cuts.
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US economy performing well, reducing chances of rate cuts in March.
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Apart from jobs data, investors eyeing ISM Services PMI for signs of cooling inflation.