Tuesday, 07 October 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold price struggles to capitalize on intraday uptick amid positive risk tone, ahead of US NFP report
Friday, 2 May 2025 13:15 WIB | GOLD |GOLD

Gold price (XAU/USD) struggles to capitalize on modest intraday gains on Friday and remains below the $3,260-3,265 support breakpoint, now turned resistance, through the Asian session. The optimism over a possible US-China trade deal remains supportive of the upbeat market mood and acts as a headwind for the safe-haven precious metal. However, bets for more aggressive policy easing by the Federal Reserve (Fed) cap the recent US Dollar (USD) move up to a multi-week high and lend some support to the commodity.

Traders, however, seem reluctant to place aggressive directional bets and opt to wait for the release of the closely-watched US monthly employment details, popularly known as the Nonfarm Payrolls (NFP) report. The crucial data could provide a fresh insight into the Fed's policy outlook, which, in turn, will influence the near-term USD price dynamics and provide some meaningful impetus to the non-yielding Gold price. Nevertheless, the XAU/USD remains on track to register its weekly performance in more than two months.
Gold price bulls seem reluctant amid US-China trade deal hopes, ahead of US NFP report

China's Commerce Ministry said on Friday that the US has recently, through relevant channels, actively conveyed messages to engage in talks on tariff issues and the country is assessing the proposal to start negotiations. This adds to the optimism over a possible easing of the tit-for-tat tariff war between the world's two largest economies.
Moreover, hopes for tariff deals between the US and its trading partners lifted the US Dollar to a three-week high and dragged the Gold price to the $3,200 neighborhood on Thursday. The USD bulls, however, turn cautious amid bets for more aggressive policy easing by the Federal Reserve and ahead of the US Nonfarm Payrolls report.

Source: Fxstreet

RELATED NEWS
Gold remains on the hunt for $4,000...
Tuesday, 7 October 2025 03:49 WIB

Gold buyers appear unstoppable at the start of a fresh week, early Monday, despite the renewed US Dollar (USD) upswing and a risk-on rally on global stocks. Gold is finding demand due to increased sa...

Gold Surges Above The Key $3,900 Level For The First Time On Safe-Haven Demand ...
Monday, 6 October 2025 18:49 WIB

Gold prices hit an all-time high on Monday (October 6), surging above $3,900 an ounce, as investors flocked to safe-haven assets amid the US government shutdown, broader economic uncertainty, and the ...

Another Record! Gold Soars Amid US Shutdown...
Monday, 6 October 2025 15:27 WIB

Gold prices hit an all-time high on Monday (October 6), soaring above $3,900 an ounce, as investors flocked to safe-haven assets amid the US government shutdown, broader economic shutdown, and the pro...

World Panic, Gold Soars Sky-High!...
Monday, 6 October 2025 07:14 WIB

Gold prices hit a new record early this week, hitting $3,920 per ounce on Monday, October 6, 2025, before a slight correction. This surge fueled investor concerns over the ongoing US government shutdo...

Gold Heads For Seventh Weekly Gain Amid US Government Shutdown Concerns And Interest Rate Cut Expectations ...
Friday, 3 October 2025 16:58 WIB

Gold prices held steady on Friday (October 3), poised for a seventh consecutive weekly gain, driven by expectations of further US interest rate cuts and concerns over the economic impact of a prolonge...

LATEST NEWS
Nikkei Rises 1.1%, Led by Heavy-Industry, Real-Estate Stocks

Japanese stocks rise due to growing hopes that newly elected ruling-party leader Sanae Takaichi will take more aggressive fiscal steps to stimulate the economy. Heavy-industry and real-estate stocks lead gains. IHI rises 5.3% and Sumitomo Realty...

Gold Near $4,000: Momentum On

Gold strengthened early in the Asian session. This rise aligns with the upward trend in commodities, driven by macroeconomic uncertainty, a weakening dollar, and continued strong demand for hard assets. According to City Index and FOREX.com analyst...

Gold Rises Amid Macro Uncertainty, Other Tailwinds

Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst at City Index and FOREX.com, in an email. "Gold's...

POPULAR NEWS
Asian Markets Soar: Yen Falls, Gold, and Stocks Soar!
Monday, 6 October 2025 08:00 WIB

Asian stocks surged to new highs, led by Japan's Nikkei 225, which surged more than 4% following the election of pro-stimulus lawmaker Sanae...

Negotiators Gather For Gaza Talks, Mediator Warns Deal May Be Slow
Monday, 6 October 2025 16:23 WIB

Hamas officials were in Egypt on Monday (October 6th) ahead of talks with Israel that the US hopes will lead to an end to the war in Gaza and the...

European Stocks Close Lower again
Monday, 6 October 2025 23:54 WIB

Euro Area Stock MarketEuropean stocks closed mostly lower on Monday as fresh political turmoil in France rekindled concerns of fiscal instability...

S&P 500, Nasdaq close at fresh records to start week, helped by AMD gains
Tuesday, 7 October 2025 03:19 WIB

The S&P 500 and Nasdaq Composite closed at record highs on Monday, spurred by optimism about increased mergers and acquisitions activity after...