The price of gold rises above $4,000, investors evaluate the outlook for US interest rates.

The price of gold rebounded above $4,000 in early trading, as investors are assessing the impact of the latest US labor data on the Fed's policy outlook. New York gold futures rose by 0.7% to $4,021.40 per ounce, while the US Dollar Index fell by 0.2% to 99.97. The rebound in private sector hiring has helped alleviate concerns about weakness in the US labor market, and other data shows that the service sector, which is the engine of the US economy, continues to grow. Soojin Kim of Mitsubishi UFJ said, "As the Fed's last meeting of 2025 approaches and key data is delayed due to the government shutdown in the US, traders face greater uncertainty in terms of economic outlook and further easing measures." The precious metal has risen by 52% so far this year, supported by central bank buying, ETF inflows, and ongoing geopolitical uncertainty.