A weak NFP and important employment revisions could force the Fed to act, increasing the chances of a rate cut in March or June.

#USNFPBlowout
A weak NFP could trigger a bullish breakout above $5,143.89

Gold prices rise to $5,100.75 ahead of the NFP, supported by lower Treasury yields and a weaker U.S. dollar.

Revisions could cut 2024 job gains by up to 900,000 positions, a bullish setup for gold if Fed policy shifts to a more accommodative stance.

Spot gold rises slightly on Wednesday, bolstered by falling Treasury yields and a weaker U.S. dollar, ahead of today's U.S. non-farm payroll (NFP) report, which could directly impact Federal Reserve policy.

In the January jobs report, not only are weak monthly data expected, but revisions could show that the entire last year was weaker than estimated.
#Fed
#GOLD
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