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
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Prices since publication
At publication → CurrentGOLD4,162 → 4,191+0.7%