Gold Price Extends Correction Ahead of Nonfarm Payrolls Release
Gold Price Extends Correction Ahead of Nonfarm Payrolls Release
Gold prices have experienced a correction, falling by approximately 1% on Friday and trading below the $3,100 mark at $3,082.
This decline comes ahead of the U.S. Nonfarm Payrolls (NFP) report scheduled for release later today.
On Thursday, gold prices surged to a record high of $3,166.20 per ounce but later corrected, closing at $3,121.70, down 1.4%.
As of Friday, gold is trading around $3,082, reflecting ongoing market adjustments.
President Donald Trump's recent announcement of a 10% tariff on all imports has introduced market volatility, influencing gold's safe-haven appeal.
The market anticipates the NFP report, with expectations ranging from 80,000 to 200,000 new jobs added in March.
