Europe Asia News

Market attention has now turned to key U.S. economic data, particularly the nonfarm payrolls report and inflation figures, which could shape the Federal Reserve’s interest rate path.

White House economic adviser Kevin Hassett said on Monday that job growth could slow in the coming months due to population decline.

Markets are currently pricing in at least two interest rate cuts this year, and expectations of looser monetary policy remain broadly supportive for gold.

Official sector demand also remains strong. China’s central bank extended its gold purchases for the fifteenth consecutive month in January. In addition, geopolitical risks continue to support safe-haven demand.

Despite signs of progress in recent talks, tensions between the United States and Iran persist, with Washington warning U.S.-flagged vessels to stay away from Iranian waters.