Odaily Planet Daily News Analyst Haresh Menghani stated that gold maintained a slight downward trend in the first half of the European session. However, ahead of the highly anticipated US non-farm employment data release, investors chose to wait and see, leaving gold prices lacking firm bearish momentum. The key US employment data will provide clues for the Federal Reserve’s rate-cutting path, which in turn will play a crucial role in affecting the dollar’s short-term movement and bring new momentum to gold. Amid safe-haven sentiment before the key data release, the dollar extended its two-week uptrend and touched a one-month high, exerting some downward pressure on gold prices. However, market expectations for further Fed rate cuts have intensified, and coupled with persistent geopolitical uncertainty, gold as a safe-haven asset still receives support. Against this backdrop of mixed fundamental factors, traders remain unwilling to make new directional bets, resulting in lackluster gold price movements and a range-bound trading pattern. (Golden Ten)
アナリスト：非農データ発表前夜、市場は米連邦準備制度理事会がさらなる利下げを行うとの期待を高めている
Odaily Planet Daily News Analyst Haresh Menghani stated that gold maintained a slight downward trend in the first half of the European session. However, ahead of the highly anticipated US non-farm employment data release, investors chose to wait and see, leaving gold prices lacking firm bearish momentum. The key US employment data will provide clues for the Federal Reserve’s rate-cutting path, which in turn will play a crucial role in affecting the dollar’s short-term movement and bring new momentum to gold. Amid safe-haven sentiment before the key data release, the dollar extended its two-week uptrend and touched a one-month high, exerting some downward pressure on gold prices. However, market expectations for further Fed rate cuts have intensified, and coupled with persistent geopolitical uncertainty, gold as a safe-haven asset still receives support. Against this backdrop of mixed fundamental factors, traders remain unwilling to make new directional bets, resulting in lackluster gold price movements and a range-bound trading pattern. (Golden Ten)