# Gold firms as dollar dips ahead of US payrolls report

> Gold rose as the dollar dipped 0.6% ahead of the US payrolls report. Traders priced a 62% chance of a rate cut, and 10-year Treasury yields were near three-month lows.

- Date: 2023-12-07 · published 2023-12-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32475-gold-firms-as-dollar-dips-ahead-of-us-payrolls-report
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and expected rate cuts support gold prices, but the move has no direct link to feed grain or protein supply. It is routine price commentary.

## Read by commodity

- DXY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-prices-flat-investors-await-us-jobs-more-fed-cues-2023-12-07/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.