Gold price (XAU/USD) maintains its offered tone through the first half of the European session on Friday and currently trades below the $3,100 mark, down for the second successive day.
The downtick lacks any obvious fundamental catalyst and could be attributed to some repositioning trade ahead of the crucial US monthly employment details, or the Nonfarm Payrolls (NFP) report.
In the meantime, worries about the potential economic fallout from US President Donald Trump's sweeping reciprocal tariffs might act as a tailwind for the safe-haven Gold price.
Moreover, bets that the Federal Reserve (Fed) will resume its rate-cutting cycle soon amid a tariffs-driven US economic slowdown and a bearish US Dollar (USD) should limit losses for the non-yielding bullion.
Source: FXStreet
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