Gold remains near its record high as expectations of a Fed interest rate cut and global uncertainty drive safe-haven demand.
However, the market is becoming cautious due to overbought conditions. Friday's NFP data is expected to be key to gold's next direction: whether it will continue to rally or experience a correction.
The gold price at the time of writing was $3,538/Toz.
DISCLAIMER
Note: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making investment decisions. (ayu)
Source: Newsmaker.id
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