04 Aug 2025
Gold Price Forecast: XAU/USD loses ground to near $3,350, weaker US jobs data might cap downside
Gold price drifts lower to near $3,360 in Monday’s early Asian session.
The recovery in the USD weighs on the precious metal.
Weaker US NFP and tariff fears could boost safe-haven assets like the Gold price.
The Gold price (XAU/USD) edges lower to around $3,360, snapping the two-day winning streak during the early Asian session on Monday. Nonetheless, weak US job data and tariff fears might weigh on the US Dollar (USD) and help limit the USD-denominated commodity’s losses.
The yellow metal loses traction due to the rebound in the Greenback. The potential upside for Gold might be limited as an underwhelming US Nonfarm Payrolls (NFP) data boosted expectations of a Federal Reserve (Fed) rate cut.
