The Fed's final policy

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World gold prices increased in the context of the USD falling. Recorded at 10:00 on January 9, the US Dollar Index measuring the fluctuations of the greenback with 6 major currencies was at 108.830 points.

World gold prices increased sharply, reaching the highest level in nearly 4 weeks when the US labor market slowed down. This happened after the report of lower-than-expected private sector growth in December, according to payroll processing company ADP.

ADP reported on Wednesday that only 122,000 jobs were created last month, lower than expected when the previous consensus forecast expected an increase of 139,000 jobs.

“The labor economy slowed to a more modest pace of growth in the final month of 2024, with both hiring and wage growth slowing. The health care sector stood out in the second half of the year, adding more jobs than any other sector,” said Nela Richardson, chief economist at ADP.

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Investors are also weighing the possibility that Donald Trump’s proposed tariffs could spur inflation, limiting the Fed’s room to cut interest rates, putting pressure on gold prices. However, Fed Governor Christopher Waller said inflation is expected to continue to decline in 2025, allowing the central bank to continue cutting interest rates, although the pace may not be as expected.