Lates News

In the early session, the price of gold fell slightly, with New York futures prices holding steady below the $5100 level. Better than expected U.S. nonfarm payroll data and a decrease in unemployment rates have weakened market expectations of a recent rate cut by the Federal Reserve. "The renewed focus on the latest economic data indicates that the market is gradually returning to normalcy after recent heightened volatility. At the same time, the upcoming Chinese New Year holiday may further dampen risk appetite and liquidity," said analysts at Sheng Bao Bank.