Gold prices trim gains as strong US jobs data lowers rate cut expectations
Gold prices rose Wednesday but pared gains as strong U.S. jobs data hit rate cut hopes. Investors now await the consumer price index report due this Friday.
A strong employment report from the US 
US released today, February 11, 2026, showing accelerated job growth and a decline in the unemployment rate to 4.3%, has reduced expectations of an imminent Federal Reserve rate cut. The January jobs report prompted gold prices to pare earlier gains as market participants recalibrated the likelihood of near-term policy easing. Because changes in interest-rate expectations materially affect demand for non-yielding assets like gold, the report drove immediate price moves across the commodities sector.
US released today, February 11, 2026, showing accelerated job growth and a decline in the unemployment rate to 4.3%, has reduced expectations of an imminent Federal Reserve rate cut. The January jobs report prompted gold prices to pare earlier gains as market participants recalibrated the likelihood of near-term policy easing. Because changes in interest-rate expectations materially affect demand for non-yielding assets like gold, the report drove immediate price moves across the commodities sector.
