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Gold Prices Fall Amid Escalating Middle East Conflict and US Jobs Data
Despite escalating Middle East tensions and rising energy prices, international gold prices have fallen. Strong US non-farm employment growth and reduced unemployment claims are diminishing expectations for a Fed rate cut.
Gold Prices Decline Amid Market Factors
International gold prices have fallen to approximately 4600 US dollars per ounce (Taiwan dollar equivalent) even as the Middle East conflict continues to escalate and energy prices surge. While regional instability typically boosts demand for gold as a safe-haven asset, the market is currently being more significantly influenced by other factors.
US Jobs Data Weakens Rate Cut Expectations
The robust US labor market has contributed to the decline in gold prices. In March, US non-farm employment saw a significant increase, and weekly unemployment claims unexpectedly fell. These positive employment indicators suggest rising inflationary pressures, thereby diminishing market expectations that the US Federal Reserve (Fed) will implement early interest rate cuts.
*Source: 鉅亨網 (2026-04-06)*
