Coinworld News, ME News, January 9 (UTC+8), Gold prices rose as traders awaited key US economic data to be released later Friday, seeking more clues about the interest rate path for this year, with the week on track to record a 3.4% gain. Soojin Kim from Bank of Tokyo-Mitsubishi UFJ stated: "The market's current focus is on the December non-farm employment report to be released Friday. The report is expected to show robust hiring but stable unemployment rate — this complex situation may reduce the urgency for the Federal Reserve to resume rate cuts." In addition, traders are also closely monitoring the upcoming Federal Reserve chairman selection, with Treasury Secretary Bessent indicating that President Trump is expected to nominate Powell's successor later this month.
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Coinworld News, ME News, January 9 (UTC+8), Gold prices rose as traders awaited key US economic data to be released later Friday, seeking more clues about the interest rate path for this year, with the week on track to record a 3.4% gain. Soojin Kim from Bank of Tokyo-Mitsubishi UFJ stated: "The market's current focus is on the December non-farm employment report to be released Friday. The report is expected to show robust hiring but stable unemployment rate — this complex situation may reduce the urgency for the Federal Reserve to resume rate cuts." In addition, traders are also closely monitoring the upcoming Federal Reserve chairman selection, with Treasury Secretary Bessent indicating that President Trump is expected to nominate Powell's successor later this month.