{"id":144498,"date":"2025-11-21T01:15:10","date_gmt":"2025-11-21T01:15:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/144498\/"},"modified":"2025-11-21T01:15:10","modified_gmt":"2025-11-21T01:15:10","slug":"gold-price-forecast-bullion-settles-at-4077-on-mixed-nfp-data-fed-increasingly-hawkish","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/144498\/","title":{"rendered":"Gold Price Forecast: Bullion settles at $4077 on mixed NFP data, Fed increasingly hawkish"},"content":{"rendered":"<p data-block-key=\"92tbs\">Let\u2019s start by addressing the most recent and obvious fundamental happening in the last twelve hours &#8211; the September NFP report.<\/p>\n<p data-block-key=\"5skc5\">Delayed just shy of two months owing to the US government shutdown, September\u2019s numbers beat expectations by some margin. However, <a href=\"https:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">the report<\/a> also noted rising unemployment to 4.4%, its highest level since 2021, as well as downward revisions to both July and August numbers.<\/p>\n<p data-block-key=\"1jd2l\">While this is fairly mixed on the surface, markets have received some assurance that the US labour market was stronger than expected before the US government shutdown took place.<\/p>\n<p data-block-key=\"522ra\">Speaking of which, we\u2019ve also recently had confirmation from the <a href=\"https:\/\/www.bls.gov\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Bureau of Labor Statistics<\/a> that October\u2019s NFP release will not be postponed indefinitely, and alongside the delayed release of November\u2019s report, today serves as the last NFP report available before the Federal Reserve votes again on interest rates early December.<\/p>\n<p data-block-key=\"7hl20\">Tying this all together, and considering the most recent data, albeit two months old, shows some buoyancy in the US labour market, this will not only somewhat relieve the pressure for further rate cuts by the Fed, but further vindicates a pre-existing hawkish tilt, best described by Vice Chair Jefferson\u2019s commitment to \u201cproceed slowly\u201d in the current easing cycle.<\/p>\n","protected":false},"excerpt":{"rendered":"Let\u2019s start by addressing the most recent and obvious fundamental happening in the last twelve hours &#8211; the&hellip;\n","protected":false},"author":2,"featured_media":144499,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":["post-144498","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/144498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=144498"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/144498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/144499"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=144498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=144498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=144498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}