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OverviewAPI
Gold prices slide as the dollar strengthens, with investors awaiting central bank meetings and U.S. inflation data. The U.S. non-farm payrolls report raised expectations about the Federal Reserve's interest rate trajectory, impacting gold prices. Goldman Sachs forecasts the Fed delivering the first rate cut in the third quarter of next year, earlier than expected. Asian stock markets drifted lower amid concerns about rate cuts and central bank meetings. The Treasury market faces a test of $108 billion in new supply of three-year, 10-year, and 30-year paper. Investors were cautious, with the European Central Bank, Bank of England, Norges Bank, and the Swiss National Bank considered as possible hikers.

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