From Investing.com: 2025-05-02 06:48:00

The US Jobs Report for April 2025 is expected to show a slowdown in job growth to 130,000, with unemployment staying at 4.2%. Weaker economic data adds importance to the report for Federal Reserve interest rate decisions. Gold finds support near 3200 with resistance at 3277 and 3300, and possible support at 3236 and 3195. The market is eagerly awaiting the NFP report, as sentiment improves on hopes of a US-China trade deal. The slower job growth suggests a cooling economy, emphasizing the importance of the report for future interest rate decisions. Gold’s rally may be influenced by the data release and improving risk appetite.



Read more at Investing.com: NFP Preview: Weaker Job Growth Could Weigh on US Dollar but Boost Gold Prices