This week’s status quo on rates has led to a lower dollar and Treasury yields, following recent signs of easing inflation and a softening labor market. The forecast suggests an addition of 180,000 jobs, but a weaker than expected report could press Treasury yields lower, potentially propelling gold prices past the notable $2,000 mark. Conversely, a strong jobs report might reinforce the likelihood of further rate hikes, challenging gold’s safe-haven appeal amidst higher opportunity costs for holding the metal.