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December 6, 2024

Gold Price Edges Up Ahead of US Nonfarm Payrolls

As trading unfolds on Friday, the price of gold (XAU/USD) shows signs of recovery, edging up to around $2,640. This uptick follows a period of intraday losses. Ahead of the upcoming Nonfarm Payrolls (NFP) report from the United States, traders are keeping a close watch. This report will provide crucial information about the future direction of US interest rates. Investors should analyze these trends as they prepare for potential shifts in the market following the report release.

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