$BTC Gold prices remained steady after mixed U.S. labor market data, with spot gold trading near $4,307.40 per ounce as investors assessed the latest figures.
The report showed weaker-than-expected wage growth, with average hourly earnings rising just 0.1% to $36.86, below the 0.3% market forecast. This marks the slowest pace of wage growth since March 2024, easing concerns about inflation pressures from the labor market.
While the U.S. economy continues to add jobs, November’s data was not strong enough to rule out future Federal Reserve rate cuts. Markets are currently pricing in three potential interest rate cuts in 2026, which could remain supportive for gold prices.
