After the release of the US non-farm payrolls data, traders now see an 85% chance of the Federal Reserve cutting interest rates in December, compared with 67% before the release of the jobs report.
After the US non-farm payrolls data was released, Citi now forecasts that the Federal Reserve will cut interest rates by 125 basis points this year.
What is the relationship between non-farm payrolls and gold? After the US non-farm payrolls report was released in the past year, how did the spot gold market perform? A picture summary!