Key Points
(Reuters) Gold prices were set on Friday for their worst week in more than a month, as the dollar and Treasury yields strengthened after U.S. central bankers pushed back against expectations of early rate cuts amid signs of resilience in the economy...
* U.S. gold futures rose 0.2% to $2,025.40..
* Data released on Thursday showed jobless claims in the U.S. fell last week to the lowest level since late 2022, suggesting job growth likely remained solid in January...
* Atlanta Federal Reserve President Raphael Bostic said he was open to lower rates sooner than he had anticipated, depending on how quickly inflation falls, but that the baseline was for rate cuts to start in the third quarter...
* Markets were betting on 139 basis points of Fed rate cuts this year, down from 150 bps a week earlier, according to LSEGs interest rate probability app, IRPR...
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