The rebound in gold prices follows weaker US job data, which has fueled expectations for aggressive Fed rate cuts, providing a favorable outlook for gold.
Weaker job openings and declining manufacturing activity have heightened concerns about the US economy's resilience, leading investors to anticipate significant rate cuts.
Upcoming labor market reports, including the crucial Nonfarm Payrolls, will shape market sentiment, with lower-than-expected figures likely driving gold prices further up.
Rising central bank demand and fears of global economic slowdowns may create ongoing support for gold prices amid a potential shift in interest rate policy.
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