The price of gold held steady near record highs early Friday ahead of the U.S. jobs report.
Gold futures were trading flat at $3,606 early in the day, just below the precious metal’s settlement high of $3,635 on Wednesday, according to FactSet data. Gold has climbed 37% in 2025.
It comes as traders become increasingly confident that the Federal Reserve will start cutting interest rates later this month. The market is pricing in a 99% chance of a quarter-point cut, according to CME’s FedWatch tool.
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