[Gold Prices Rise Due to Rate Cut Expectations, Market Focuses on Fed Chair Selection] On January 9, gold prices rose as traders awaited key U.S. economic data to assess this year's interest rate trajectory, with weekly gains expected to reach 3.4%. Soojin Kim of Mitsubishi UFJ Bank stated that the market is focused on Friday's release of the December non-farm payroll report, which is expected to show robust hiring but stable unemployment rates, potentially reducing the urgency for the Federal Reserve to resume rate cuts. Additionally, traders are closely watching the selection of the Federal Reserve Chair. U.S. Treasury Secretary Besent noted that President Trump is expected to nominate Powell's successor later this month.