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June 6, 2025

Gold Price Holds Strong Below $3400 Ahead of Key US Employment Data

Gold prices (XAU/USD) displayed a slight uptick during the Asian trading session on Friday. Although it hovered below the $3400 resistance level, the commodity shows signs of dip-buying as it tries to recover from recent lows. As markets brace for the upcoming US Nonfarm Payroll report, traders are cautious about making large bets. This period of hesitation indicates that many investors prefer to await stronger signals before committing further. Economic indicators from the US are closely watched, and their impact on gold prices could lead to significant market movements. As such, investors should keep an eye on the data release.

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