Gold Slips Before Key US Jobs Data That May Impact Fed Decision
- Investors are focused on nonfarm payrolls due on Friday
- Fed rate cuts could push gold to record in 2025: Macquarie
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Gold slipped as traders awaited a key US jobs report that may influence the Federal Reserve’s next interest-rate decision.
Economists estimate that US nonfarm payrolls, due Friday, rose by 218,000 in November, rebounding after two hurricanes and a now-ended strike lowered October numbers. The jobless rate is seen unchanged at 4.1%. The payroll figures are the next major data release before policymakers meet on Dec. 17-18 in Washington. Swaps markets are pricing in a 25 basis-point cut.