Mixed feelings about non-agricultural employment in the US in January, supporting the Fed's decision to temporarily pause interest rate cuts

Odaily Planet Daily reports that after the January interest rate meeting, the Federal Reserve entered a pause in cutting rates. Non-farm data shows that the US labor market maintains resilience. After officially taking office, Trump's tariff policy has been inconsistent and its actual implementation is limited. In addition, the impact of Trump's foreign tariff policy on inflation also needs time to continue observing. The issue of tariffs will continue to disturb the market.

Since January, gold prices have continued to rise and hit new highs. The demand for hedging caused by tariff issues dominates, and reactions to basic data have faded. The overall non-farm report in January was bearish for gold and did not provide more upward momentum. The Fed’s pause in cutting interest rates and stability in employment market support dollar index while there are risks of rising yields on U.S bonds which are expected to stop falling and rebound; stock markets continue their volatile trend.