Economists expect U.S. job growth to slow but still healthy through 2025
The gold price remained stable after three consecutive days of increases, as traders await the release of U.S. employment data, which will impact the Federal Reserve's policy outlook for this year. The U.S. non-farm payroll data for December is expected to show a slowdown in job growth, but it will still remain healthy, and economists forecast this growth will continue through 2025.
Federal Reserve officials have hinted that they may keep interest rates at current levels for an extended period, only cutting again when inflation has clearly cooled. As traders lower their expectations for Fed rate cuts in the first half of the year, the U.S. dollar index DXY is poised to rise for a sixth consecutive week, while the 10-year Treasury yield approaches its highest level since April last year.
