$XAU

XAU
XAUUSDT
4,614.78
+2.28%

#Gold moved modestly higher, rising above $4,490 per ounce, as weaker U.S. labor data strengthened expectations that the Federal Reserve may ease policy later this year. December payroll growth slowed sharply to 50,000 jobs, while unemployment fell to 4.4%, pointing to a stable but cooling labor market that supports lower rates without signaling economic stress. This backdrop increased interest in gold despite a firm dollar limiting upside. Ongoing geopolitical tensions continued to provide a safety bid, while sustained buying by China’s central bank further tightened supply, helping bullion maintain a solid weekly gain of around 3%.