Gold Steadies as Tepid US Jobs Data Fail to Spur Rate-Cut Bets
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Gold was steady, after sluggish US jobs data on Tuesday didn’t move the needle on expectations for more interest-rate cuts.Bullion was near $4,305 an ounce, after a modest decline in the previous session snapped a five-day winning streak. The latest economic data showed a continued cooling of the American jobs market, but the Federal Reserve is seen as giving less weight than usual to the numbers due to disruptions caused by the government shutdown.