Gold eases below $4,300 as traders unwind post-NFP gains
The post Gold eases below $4,300 as traders unwind post-NFP gains appeared on BitcoinEthereumNews.com.
Gold (XAU/USD) reverses its course on Tuesday after traders digested the latest US jobs report, which highlighted the labor market weakness and pushed the yellow metal towards a daily high at $4,335 before reversing course, losing 0.23% at the time of writing. XAU/USD trades at $4,296. Bullion pares gains after mixed US jobs data lifts yields sentiment, while peace-talk headlines and steady spending cap upside Data from the US Bureau of Labor Statistics (BLS) was mixed: The economy added more people than expected to the workforce in November, but the Unemployment Rate rose to its highest level since 2021. Although the report justifies further easing, expectations for a rate cut in January 2026 remained low at around 25%, as shown by Capital Edge data. At the same time, delayed Retail Sales data showed that American consumer spending remains slightly strong as Retail Sales were unchanged in October, according to the US Census Bureau. The report showed that people are facing higher prices in food, furniture and a range of other imported foods due to tariffs imposed by the White House. The yellow metal reclaimed the $4,300 figure ahead of the Federal Reserve meeting last week. Ongoing developments for a possible peace agreement between Russia and Ukraine pressured the precious metal. However, discussions halted after Kyiv drafted a 20-point plan that the Kremlin has not accepted. Traders will be eyeing the release of inflation figures and Initial Jobless Claims on Thursday, ahead of the Personal Consumption Expenditures (PCE) Price Index on Friday. Daily digest market movers: Gold tumbles amid mixed US jobs report US Nonfarm Payrolls rose by 64K in November, beating expectations of 50K and marking an improvement from October’s –105K print. However, the Unemployment Rate climbed in November to 4.6% from 4.4%, exceeding markets’ forecast. US Retail Sales were…
Filed under: News - @ December 16, 2025 7:24 pm