Gold prices in Asia fell in early trading as the market doubts the Federal Reserve's interest rate cuts

According to Jinshi reports, the research team at ANZ Bank pointed out that despite the better-than-expected growth in U.S. non-farm payrolls in September, the unemployment rate is still rising, indicating potential vulnerabilities in the labor market. There is a clear divide within the Federal Reserve regarding whether to cut interest rates further. Chicago Fed President Goolsbee expressed a cautious attitude towards another rate cut in December. Spot gold has fallen over 0.3%, trading at $4,061 per ounce.