π° Gold shoots past $4,250, but Fed news looms
Gold prices have surged above the $4,250 mark in recent trading sessions. This movement is occurring amidst market anticipation regarding the upcoming US Non-Farm Payrolls report. Current market sentiment suggests that potential Federal Reserve interest rate hikes are strengthening the US Dollar. This strong USD acts as a ceiling on the potential upward movement of gold prices. Traders are now closely watching the NFP data for further directional cues.