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Gold holds gains above $4,150 as traders trim bets on Fed rate hikes

Gold price (XAU/USD) gains momentum to near $4,160 during the early Asian trading hours on Monday. The precious metal rebounds as weaker-than-expected US Nonfarm Payrolls (NFP) data weigh on the US Dollar (USD).

Original · FXStreet AI summary of public reporting

Why: Weaker US NFP data weighs on USD → supports gold

GOLD
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Prices since publication

At publication → Current
GOLD4,162 → 4,191+0.7%
Gold holds gains above $4,150 as traders trim bets on Fed rate hikes | SignalHub