Gold prices rise by 3.4%, Federal Reserve decision imminent — this non-farm payroll report could change this year's interest rate expectations

2026-01-09 10:40:10

【CryptoWorld】Gold prices have seen a significant increase this week, approaching 3.4%. Traders are waiting for the US economic data release on Friday, hoping to find clues about how the Federal Reserve will proceed this year.

According to Soojin Kim, an analyst at Mitsubishi UFJ Financial Group, the market’s current focus is on the December non-farm payroll report. The expected data will show decent hiring but a steady unemployment rate. Sounds like good news? Not so fast. This “mixed” situation might actually lead the Fed to feel less urgency to restart rate cuts, weakening the sense of urgency.

Another variable is the upcoming Fed chair appointment. Treasury Secretary Mnuchin revealed that President Trump plans to announce Powell’s successor later this month. This news alone can influence market expectations. During the transition period before the new chair takes office, the direction of interest rate policy remains somewhat uncertain.

Currently, traders are paying extra attention to the non-farm payroll data on Friday. The complexity of economic data combined with the uncertainty of personnel changes makes it no surprise that gold prices can maintain an upward trend.

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SilentAlpha

· 01-11 08:32

It's the same old "mixed bag," in the end, it all depends on what Powell thinks. Wait, a new chair is coming? Things are getting even more chaotic; no one can predict how the policy will go. Friday's non-farm payroll data... gold prices are probably going to continue to fluctuate, so annoying. A rate cut is still a distant hope; when will this day end? The Federal Reserve is really something else, with non-farm data on one hand and personnel changes on the other, just not giving you a break.

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MEVictim

· 01-10 05:15

Mixed results are the hardest to handle, no sign of interest rate cuts... Friday's data really triggered some reactions.

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DegenWhisperer

· 01-09 11:09

Uh, once this non-farm report comes out, it might be time to reshuffle... The Federal Reserve is digging another hole.

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UnluckyMiner

· 01-09 11:08

It's another situation of "good news is bad news," really messing with the mindset... If the data on Friday isn't truly encouraging, our recent rally might have been in vain.

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DisillusiionOracle

· 01-09 11:07

It's that same logic of "good data makes it harder to cut rates" again... I'm really speechless, the market always thinks it needs negative news to buy cheap. The news of Powell stepping down is more worth paying attention to than the non-farm payroll report itself. Who knows how the new chair will play it once they take over. Gold prices have surged quite a bit this week, it feels like a gamble on the Fed's uncertainty.

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