{"id":13485,"date":"2023-11-29T19:19:15","date_gmt":"2023-11-29T19:19:15","guid":{"rendered":"https:\/\/infundpros.com\/markets\/commodities\/gold-prices-pull-back-from-2000-as-rate-uncertainty-persists\/"},"modified":"2023-11-29T19:19:16","modified_gmt":"2023-11-29T19:19:16","slug":"gold-prices-pull-back-from-2000-as-rate-uncertainty-persists","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=13485","title":{"rendered":"Gold prices pull back from $2,000 as rate uncertainty persists"},"content":{"rendered":"
\n

Investing.com– Gold prices rose slightly in Asian trade on Thursday after pulling back from key levels in overnight trade as strong labor market data fueled uncertainty over the path of U.S. interest rates.\u00a0<\/p>\n

The yellow metal saw a strong run-up this week amid growing optimism that the Federal Reserve was done raising interest rates in its current cycle. Gold prices briefly crossed the $2000 an ounce mark on Tuesday.<\/p>\n

But signs of resilience in the U.S. labor market and hawkish signals from the of the Fed\u2019s recent meeting stalled gold\u2019s rally. A rebound in the – from near three-month lows- also weighed on bullion prices.\u00a0<\/p>\n

rose 0.2% to $1,994.43 an ounce, while expiring in December rose 0.1% to $1,995.20 an ounce by 00:11 ET (05:11 GMT).\u00a0<\/p>\n

Gold trading volumes were also somewhat limited on account of market holidays in the U.S. and Japan this week.\u00a0<\/p>\n

Gold rally stalls after strong jobless claims data<\/h2>\n

Data on Wednesday showed that U.S. fell less than expected in the prior week, indicating that the labor market was not cooling as quickly as investors had previously expected.<\/p>\n

A strong labor market could keep the Fed relatively hawkish in the near-term, although traders were convinced that the central bank will raise interest rates no more.<\/p>\n

But the jobless claims data, along with the Fed minutes still brewed some uncertainty over when the Fed could begin trimming rates in 2024. CME Group\u2019s Fedwatch tool showed that traders trimmed their expectations for a .<\/p>\n

Given that the Fed minutes still reiterated the bank\u2019s outlook on higher for longer interest rates, gold prices are likely to see limited upside in the coming months, given that higher rates push up the opportunity cost of investing in bullion.\u00a0<\/p>\n

Still, signs of deteriorating economic conditions across the globe could spur some safe haven demand for the yellow metal.\u00a0<\/p>\n

Copper prices edge lower, more China stimulus awaited\u00a0<\/h2>\n

Among industrial metals, copper prices saw a degree of profit taking on Thursday after strong gains earlier in the week.\u00a0<\/p>\n

fell 0.1% to $3.7633 a pound, but were up 0.8% so far this week.<\/p>\n

Focus was largely on more planned stimulus measures from China, as the government prepared a whitelist of property developers for access to more funding. The property sector is a key driver of Chinese copper demand.<\/p>\n

On the supply front, focus remained on copper mine closures in Panama and Peru, which could potentially tighten supplies going into 2024. Such a scenario, coupled with increased demand for the red metal, presents a positive outlook for prices.\u00a0<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investing.com– Gold prices rose slightly in Asian trade on Thursday after pulling back from key levels in overnight trade as strong labor…<\/p>\n","protected":false},"author":1,"featured_media":13486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":{"0":"post-13485","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commodities"},"yoast_head":"\nGold prices pull back from $2,000 as rate uncertainty persists | inFundPros<\/title>\n<meta name=\"description\" content=\"Investing.com-- Gold prices rose slightly in Asian trade on Thursday after pulling back from key levels in overnight trade as strong labor market data\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=13485\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold prices pull back from $2,000 as rate uncertainty persists | inFundPros\" \/>\n<meta property=\"og:description\" content=\"Investing.com-- Gold prices rose slightly in Asian trade on Thursday after pulling back from key levels in overnight trade as strong labor market data\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=13485\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-29T19:19:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-29T19:19:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/11\/LYNXNPEC140H9_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"728\" \/>\n\t<meta property=\"og:image:height\" content=\"458\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=13485#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=13485\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"Gold prices pull back from $2,000 as rate uncertainty persists\",\"datePublished\":\"2023-11-29T19:19:15+00:00\",\"dateModified\":\"2023-11-29T19:19:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=13485\"},\"wordCount\":432,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=13485#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=13485\",\"url\":\"https:\/\/infundpros.com\/?p=13485\",\"name\":\"Gold prices pull back from $2,000 as rate uncertainty persists | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2023-11-29T19:19:15+00:00\",\"dateModified\":\"2023-11-29T19:19:16+00:00\",\"description\":\"Investing.com-- Gold prices rose slightly in Asian trade on Thursday after pulling back from key levels in overnight trade as strong labor market data\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=13485#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=13485\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=13485#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold prices pull back from $2,000 as rate uncertainty persists\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold prices pull back from $2,000 as rate uncertainty persists | inFundPros","description":"Investing.com-- Gold prices rose slightly in Asian trade on Thursday after pulling back from key levels in overnight trade as strong labor market data","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=13485","og_locale":"en_US","og_type":"article","og_title":"Gold prices pull back from $2,000 as rate uncertainty persists | inFundPros","og_description":"Investing.com-- Gold prices rose slightly in Asian trade on Thursday after pulling back from key levels in overnight trade as strong labor market data","og_url":"https:\/\/infundpros.com\/?p=13485","og_site_name":"inFundPros","article_published_time":"2023-11-29T19:19:15+00:00","article_modified_time":"2023-11-29T19:19:16+00:00","og_image":[{"width":728,"height":458,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/11\/LYNXNPEC140H9_L.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=13485#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=13485"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"Gold prices pull back from $2,000 as rate uncertainty persists","datePublished":"2023-11-29T19:19:15+00:00","dateModified":"2023-11-29T19:19:16+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=13485"},"wordCount":432,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=13485#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=13485","url":"https:\/\/infundpros.com\/?p=13485","name":"Gold prices pull back from $2,000 as rate uncertainty persists | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2023-11-29T19:19:15+00:00","dateModified":"2023-11-29T19:19:16+00:00","description":"Investing.com-- Gold prices rose slightly in Asian trade on Thursday after pulling back from key levels in overnight trade as strong labor market data","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=13485#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=13485"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=13485#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"Gold prices pull back from $2,000 as rate uncertainty persists"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/13485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13485"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/13485\/revisions"}],"predecessor-version":[{"id":13487,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/13485\/revisions\/13487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/13486"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}