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July 2, 2025

Gold Rallies 3% as Nonfarm Payroll Approaches, Will Oil Follow Suit?

Gold prices surge toward $3,360, showing a 3% increase since Monday. As traders closely monitor the upcoming nonfarm payroll report, there is speculation that Oil may also break out of its current consolidation phase. The relationship between these markets is significant, and investors should stay alerted to potential changes sparked by the NFP report. With economic indicators at play, now is the time to assess your portfolio strategies in both gold and oil.

![Gold Jumps](https://images.financialmodelingprep.com/news/gold-jumps-3-ahead-of-nfp-20250702.jpg)

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