$XAU & $XAG Market Update
Silver moved higher while gold traded sideways, with both precious metals on track to close the week in positive territory as investors await key U.S. economic releases.
Gold is holding around $4,475 per ounce, up roughly 3% on the week. Upside momentum has been somewhat capped by a firmer U.S. dollar and jobless claims coming in below expectations for the week ending January 3.
Attention now shifts to December’s nonfarm payrolls report, a crucial data point that could shape market expectations around the Federal Reserve’s next rate move, especially after three rate cuts already delivered in 2025.
