GOLD PRICE FORECAST: NFP DATA CRUCIAL FOR SUSTAINING UPSIDE
GOLD PRICE FORECAST: NFP DATA CRUCIAL FOR SUSTAINING UPSIDE
Gold holds near its one-month high of $2,678 as traders await the US Nonfarm Payrolls (NFP) data.
Concerns over potential inflation from Trump’s policies are boosting gold's appeal as a safe-haven asset.
Despite strong US Dollar and Treasury yields, gold continues to see support from safe-haven demand.
The upcoming NFP report could determine whether gold can sustain its recent gains, with a Bear Cross pattern in play.