Gold Price Continues Uptrend as US Jobs Report Approaches
Gold is maintaining a solid upward trajectory, bouncing off its 100-day moving average and currently trading around $2,680 this week. Analysts observe that the precious metal might soon test the $2,700 mark before revisiting the late November and December highs near $2,725 to $2,726. This positive momentum for gold coincides with the anticipation of the US jobs report, which investors eagerly await. Fluctuations in job data will likely impact market sentiment regarding gold prices. Investors show increasing interest in this commodity as they monitor employment trends.