Gold gains on risk worries and jobs outlook
Gold prices rose by approximately 2% during today's trading session, despite a strong dollar and rising U.S. Treasury yields. Investors are focusing on U.S. jobs data and market volatility expectations. The price of an ounce reached $4,083 after rebounding from a low of $3,960. Overall, the gold trend remains neutral with a slight downward bias, with analysts emphasizing the need to close above the $4,100 level to confirm a trend reversal. Economic data shows a slowdown in job growth in both the industrial and services sectors, but a decline in inflation pressures offers some optimism. The market is also awaiting the non-farm payrolls report, which is expected to show an increase of 110,000 jobs, with the unemployment rate remaining steady at 4.3%.
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