February Gold futures rose to snap a two-session decline, reaching a high of $4,527 as the market approached all-time highs. Gold futures gained 4.11% on the week following the release of December U.S. nonfarm payrolls, which came in at 50,000 jobs, missing expectations of 66,000. Significant negative revisions to October and November data further highlighted labor market weakness. While the U.S. dollar strengthened as markets viewed the data as sufficient to avoid aggressive rate cuts, gold maintained its upward momentum. The 10-Year yield briefly hit 4.21% before settling near 4.17%, reflecting a complex environment where both the dollar and gold can move together as safe havens during periods of economic uncertainty.
Learn More About Trading Futures and Options at CME Group: https://www.cmegroup.com/markets/metals.html
#gold #metals #futures
Learn More About Trading Futures and Options at CME Group: https://www.cmegroup.com/markets/metals.html
#gold #metals #futures