{"id":68448,"date":"2026-01-08T09:41:22","date_gmt":"2026-01-08T09:41:22","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/01\/08\/gold-extends-losses-as-dollar-firms-before-jobs-data\/"},"modified":"2026-01-08T09:41:22","modified_gmt":"2026-01-08T09:41:22","slug":"gold-extends-losses-as-dollar-firms-before-jobs-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/01\/08\/gold-extends-losses-as-dollar-firms-before-jobs-data\/","title":{"rendered":"Gold Extends Losses As Dollar Firms Before Jobs Data"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Gold extended losses on Thursday, after having fallen more than 1 percent in the previous session due to profit taking.<\/p>\n<p>Spot gold dipped 0.6 percent to $4,430.42 an ounce while U.S. gold futures were down 0.6 percent at $4,435.89.<\/p>\n<p>A stronger dollar dented appeal for bullion after a slew of U.S. economic reports released overnight reinforced the view of a slowing yet resilient <span class=\"landLinks\">economy<\/span>.<\/p>\n<p>The JOLTS report hinted at a cooling labor market, while ADP reported a modest rebound in private hiring and the ISM Services PMI surprised to the upside.<\/p>\n<p>Trading later in the day may be impacted by reaction to the latest U.S. economic data, including reports on weekly jobless claims and the U.S. trade deficit.<\/p>\n<p>The Labor Department is scheduled to release its December employment report on Friday, which could offer further insight into the labor market and the Federal Reserve&#8217;s policy outlook.<\/p>\n<p>Economists currently expect employment to increase by 60,000 jobs in December after an increase of 64,000 jobs in November. <\/p>\n<p>The unemployment rate is expected to edge down to 4.5 percent from 4.6 percent.<\/p>\n<p>U.S. Treasury yields were range bound in European trade amid bets that the Federal Reserve will deliver at least two interest-rate cuts this year. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Gold Extends Losses As Dollar Firms Before Jobs Data<\/a><br \/>\n<br \/>2026-01-08 09:41:22<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold extended losses on Thursday, after having fallen more than 1 percent in the previous session due to profit taking. Spot gold dipped 0.6 percent to $4,430.42 an ounce while&#8230;<\/p>\n","protected":false},"author":2,"featured_media":68449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1585504256855-6718f7a693ae?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=934&q=80","fifu_image_alt":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-68448","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/68448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=68448"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/68448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/68449"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=68448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=68448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=68448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}