Gold Prices Stay Strong Near Multi-Week Highs as Market Awaits US Employment Data
Gold prices (XAU/USD) continue their strong performance, maintaining a positive bias for the fourth consecutive day on Friday. Currently, the prices are positioned just below a nearly four-week high reached in the previous session. The uncertainty surrounding upcoming economic policies and geopolitical risks keeps investors wary but also supportive of gold as a safe-haven asset. As traders await the US employment data, they remain keen on how the figures may sway market sentiment and trading directions in commodities like gold. Upcoming developments may either sustain this upward momentum or lead to adjustments in investor positions based on the new data.
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