US Jobs Report Likely to Inform Inflation Narrative – GoldSilverReports

Nonfarm Payrolls Report Cancelled Amid Ongoing U.S. Govt Shutdown
  • US jobs report likely to inform inflation narrative, US Dollar and Gold price.
  • If the labor market is strong, the Federal Reserve could plough ahead with larger rate hikes. 
  • Gold price could continue south if a strong result solidifies expectations of a 0.5% rate hike in March.

Gold price has been in a downward spiral since the start of February, and with the next major release for the commodity likely to be the US Bureau of Labor Statistics US jobs report for February, scheduled for release on Friday, March 10, traders may be wondering whether this will continue.

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Government Plans to Make Hallmarking of Gold Bullion Mandatory

MCX Gold Price Today Outlook (April 17, 2025)

After gold jewellery, the government plans to make hallmarking of gold bullion mandatory and is ready with the draft guidelines, Bureau of Indian Standard (BIS) Director General Pramod Kumar Tiwari said on Monday.

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Gold Should you buy or wait for next sell off?

Continuous Growth in Gold-Backed ETFs: Four Months of Net Gold Inflows

Gold Price today: On account of ease in US dollar, gold prices in domestic and international market witnessed some bargain hunting in the week gone by. Gold future contract for April 2023 on Multi Commodity Exchange (MCX) finished at ₹55,737 per 10 gm levels, logging weekly gain of around 0.54 per cent. However, in international market, yellow metal price ascended over 2 per cent and closed at around $1,848 per ounce levels.

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