January 9, 2026
Article from Bloomberg by Sybilla Gross and Yihui Xie
Article Synopsis
Gold prices steadied near roughly $4,495 an ounce as traders continued to expect the Federal Reserve to keep interest rates unchanged at its January meeting, following mixed U.S. jobs data that showed slower payroll growth but a lower-than-expected unemployment rate. The muted economic signals have traders largely abandoning further rate-cut bets for now, which has capped upside for non-yielding bullion even as it remains on track for weekly gains.
Silver also rebounded after recent losses, supported by its strong performance last year and ongoing tight supply dynamics. Overall, the outlook for precious metals remains supported by expectations of future rate cuts and persistent economic and geopolitical uncertainties.
