The gold market is paying attention to the Fed's comments on the prospect of raising interest rates.
This week, the price of gold is influenced by the recovery of the dollar. Investors are paying attention to US inflation data and Fed officials' comments on the interest rate hike.
Gold prices moved sideways on Friday, as prospects for global monetary policy tightening while employment data limitations modest downtrend.
According to the Bureau of Labor Statistics, Non-Farm Employment Change is change in the number of employed people during the previous month, excluding the farming industry. Total nonfarm payroll employment increased by 148,000 in December, and the unemployment rate was unchanged at 4.1 percent. Employment gains occurred in health care, construction, and manufacturing.
This week, gold prices continue to be affected by the recovery of the dollar, as investors pay attention to US inflation data and comments of the Fed officials to further increase interest rates. Some events affect the price of gold:
