Gold price today, Thursday, January 8: Gold pulls back slightly after ADP jobs report

Group 1: Gold Market Overview - Gold futures opened at $4,467.10 per troy ounce, reflecting a 0.1% increase from the previous day's closing price of $4,462.50, but have since declined by 0.89% after market open [1] - The one-year gain for gold as of December 29 was 74.5%, with a weekly increase of 3.1% and a monthly increase of 6.2% [3][8] Group 2: Economic Indicators and Interest Rates - The ADP Employment Report indicated that the U.S. economy added 41,000 jobs in December, following a loss of 29,000 jobs in November, although analysts had anticipated a larger rebound of 48,000 jobs [1] - The U.S. Factory Orders report for October showed a decline of 1.3%, missing expectations by 10 basis points [1] - Current expectations suggest that the Federal Reserve will maintain interest rates at 3.50% to 3.75% during the next decision on January 28, with an 86.2% probability of no change [2] Group 3: Investment Opportunities in Gold - Gold does not pay interest, but potential interest-rate reductions could lower the opportunity cost of holding gold, making it more attractive to investors [2] - There are opportunities for investors to explore top-performing companies in the gold industry using screening tools available on platforms like Yahoo Finance [4]