Gold prices maintain their height before releasing large US data

Gold prices stabilized after a two -day increase, as the precious metal was traded near $ 2665 per ounce. This stability came after gaining 0.5% profit on Wednesday, with the support of a report showing the slowdown in employment and wage growth in the US private sector during December. The Federal Reserve must have a balance of this slowdown with renewable fear of inflation when making decisions to lower interest rates. Last month, the minutes of the central banking meeting showed a more cautious approach to reducing monetary policy. Low borrowing costs are usually positive for gold, which does not have benefits. Golden investors await wage data. Traders are now drawing their attention to the wage data for the month of December, which is expected to be released on Friday, which is expected to look moderate, with the continued growth in the labor market that economists expect to continue in 2025. And a poll conducted by ’22 in Research ‘business (22V research) has shown that most investors monitor this report more closely. Gold rose 27% last year in a standard wave that is partially driven by ensuring US monetary policy. However, the metal lost this momentum after Donald Trump’s victory in the US election that supported the dollar. Investors now have the possibility of lower profits this year, as the Goldman Sachs Group has delayed its goal of reaching gold to $ 3,000 an ounce to mid -2026 due to expectations with a limited reduction in interest rates by the Federal Reserve. By 08:00 in London time, Instant Gold settled a gram at $ 2662.82. While the Bloomberg index for immediate dollars increased by 0.1%. Platinum and Bolladium decreased, while silver rose.