Podcast – Gold flash rally to record high, US non-farm payrolls and RBA looms ahead

<p><a href="https://api.addthis.com/oexchange/0.8/forward/facebook/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fpodcasts%2Fpodcast-gold-flash-rally-to-record-high-us-non-farm-payrolls-and-rba-looms-ahead%2Fkwong&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/facebook.png" border="0" alt="Facebook" /></a><a href="https://api.addthis.com/oexchange/0.8/forward/twitter/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fpodcasts%2Fpodcast-gold-flash-rally-to-record-high-us-non-farm-payrolls-and-rba-looms-ahead%2Fkwong&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/twitter.png" border="0" alt="Twitter" /></a><a href="https://api.addthis.com/oexchange/0.8/forward/email/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fpodcasts%2Fpodcast-gold-flash-rally-to-record-high-us-non-farm-payrolls-and-rba-looms-ahead%2Fkwong&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/email.png" border="0" alt="Email" /></a></p><p>OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week&#8217;s key economic data releases, events, and gold&#8217;s flash rally on Monday toward a new record high. The short to medium-term dynamics at play for gold given that market expectations have increasingly skewed toward a Fed pivot. Based on CME FedWatch tool calculations, interest rate futures has indicated a significant chance of 57% for the first Fed funds rate cut to come as early as March 2024 FOMC. US non-farm payrolls out for November on Friday (8 Dec)  are likely to indicate softness in the US employment market as the consensus is calling for +185K of jobs added ( below the 1-year average) that may fuel more Fed dovish expectations in 2024.</p>
<p>Australia&#8217;s central bank, RBA is likely to keep the cash rate unchanged at 4.35% after a hike of 25 bps last month despite RBA governor&#8217;s recent hawkish rhetoric on domestic inflationary pressures in Australia.</p>
<p><iframe title="Spotify Embed: Gold rallies to record high, week ahead preview" width="100%" height="152" frameborder="0" allowfullscreen allow="autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture" loading="lazy" src="https://open.spotify.com/embed/episode/3K3RBWZdBbAfO1aGa52cCb?utm_source=oembed"></iframe></p>
<p> </p>