Gold Rebounds After Jobs Data

2025-12-16 14:16 By Felipe Alarcon 1 min. read

Gold rose above $4,320 per ounce on Tuesday to the highest since October to test record highs as renewed safe-haven demand and softer US macro signals offset earlier profit-taking.

The delayed US jobs report reinforced signs of labor market cooling, with unemployment rising to the highest since 2021 of 4.6%, while wage growth slowed to its weakest pace in over two years, adding to dovish bets for the Fed.

At the same time, mixed retail sales data and continued weakness in regional activity indicators added to concerns about underlying growth momentum, supporting defensive positioning.

While optimism around potential progress in Russia-Ukraine peace talks briefly weighed on haven flows earlier in the session, persistent geopolitical uncertainty and steady central bank purchases helped re-anchor demand.

Ongoing ETF inflows and a broader shift away from sovereign bonds and currencies continue to underpin prices, while markets await CPI data and further clarity on the Fed’s policy path.



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