Spotlight on NFP Report.
On Friday, the US Bureau of Labour Statistics will release the much-anticipated non-farm payrolls data, with the market expecting 125,000 new jobs to be created and the unemployment rate to remain unchanged at 4.2%.
A weakening US labour market will raise the odds of a dovish Fed, which is good for gold.’
Gold itself does not bear interest, so it usually performs well in low interest rate environments.
