Gold prices are facing pressure from a stronger US dollar and high Treasury yields, indicating a volatile environment that could impact investor sentiment.
The resilience in the labor market, highlighted by rising U.S. job openings, adds risks to gold as inflation concerns and rate cuts from the Fed seem unlikely.
Market participants are looking forward to Friday's U.S. nonfarm payrolls report for insights into Fed policy, closely monitoring the implications for gold prices.
Despite current market challenges, ongoing uncertainty in trade, along with central bank demand such as the People's Bank of China's recent gold reserve increases, supports gold prices.
Collection
[
|
...
]