Will NFP push Gold above $4,500?
π‘ GOLD MARKET UPDATE β NFP IN FOCUS
Gold (XAU/USD) continues to rebound above $4,450/oz, supported by a softer U.S. dollar and easing expectations for further Fed tightening.
All eyes are now on U.S. Nonfarm Payrolls (NFP) today. Markets expect around 58K new jobs, with unemployment forecast at 4.1%.
π Weaker NFP β USD may weaken β Gold could gain
π Stronger NFP β USD may strengthen β Gold could face pressure
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