2026-01-09 10:29:16

Gold pulled back slightly in European morning trading, as the market is now waiting for the release of the US non-farm payrolls data. How important is this data? It directly affects whether the Federal Reserve will continue to cut interest rates, and the Fed's actions in turn determine the short-term direction of the dollar. Ultimately, it also impacts whether gold can withstand the pressure.

The current situation is a bit delicate. The dollar has been rising strongly over the past two weeks, just reaching a one-month high, which puts pressure on gold prices. Interestingly, the market is also considering another scenario—expecting the Federal Reserve might still cut rates further. Coupled with some uncertainties in the international situation, these factors are providing support for gold. As a result, traders are a bit hesitant; no one wants to jump the gun. Gold prices are fluctuating around this level, waiting for the non-farm payrolls data to set the tone.

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MemeEchoer

· 16h ago

Just like every night before the non-farm payrolls, the dollar remains strong but can't suppress gold. In the end, it's all about the Fed's mood.

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NotFinancialAdviser

· 19h ago

Non-farm payrolls are coming to stir things up again, this time probably depending on the Federal Reserve's stance --- The US dollar is surging strongly, gold is being suppressed, but the rate cut expectations are still supporting it. It's quite interesting --- Traders are all betting on non-farm payrolls. I think this wave of gold prices is just waiting for a clear signal, can't play around --- The Federal Reserve's glance can move the entire market. No matter how strong gold is, it has to bow its head and be obedient --- Expectations of rate cuts vs. a strong dollar, this tug-of-war is quite intense. Who will win? --- The situation is delicate, to put it simply, no one dares to act, waiting to reap the data dividends --- Uncertain international circumstances are actually becoming a lifeline for gold prices. Quite interesting

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CrossChainBreather

· 01-11 21:43

Once the non-farm payroll data is released, gold prices will start to move seriously. These past two weeks have been quite uncomfortable.

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Ser_Liquidated

· 01-09 10:58

Once the non-farm payroll data is released, gold prices are probably going to tremble. With the dollar so strong right now, who can stand against it?

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BearMarketMonk

· 01-09 10:57

The dollar rises and falls; basically, it's a gamble on the Federal Reserve's mood... Once the non-farm payroll data is released, the move should be made. Right now, everyone is just pretending not to hear.

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PumpingCroissant

· 01-09 10:38

Non-farm data is like a mirror that reveals the truth The US dollar remains at a high level for a month, and gold is being squeezed tightly. It feels like dancing on a tightrope Expectations of rate cuts vs. a strong dollar, honestly I can't understand this move, let's wait for the data What is the market hesitating about? Isn't it just betting on the Fed's intentions? Gold has indeed been fluctuating these past two days, I am numb to it One decision from the Federal Reserve causes the entire market to tremble Basically, it's waiting for non-farm data to determine the outcome. Now entering the market is like gambling.

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