From Investing.com: 2025-06-05 03:32:00

Gold prices rose by 0.56% due to weak US economic data, including a contraction in the services sector and slow private sector job growth, increasing expectations of Fed rate cuts in 2025. Trade tensions and President Trump’s tariff increases have also raised concerns, with market focus shifting to Friday’s US jobs report. XAU/USD is trading at key levels of support at $3,340 and resistance at $3,395.

The euro gained 0.42% against the USD following disappointing US economic indicators, including a low ADP employment report and a contraction in the Purchasing Managers’ Index data. Speculation on potential monetary policy easing has increased, as markets await weekly jobless claims and nonfarm payrolls reports. EUR/USD is trading at support level 1.13600 and resistance level 1.14400.

The Japanese yen held steady at around 142.900 against the USD, supported by weaker US economic data and trade policy uncertainty. Despite Japan’s fragile economic outlook and real wage declines, the Bank of Japan remains cautious but ready to raise interest rates if economic conditions improve. USD/JPY is trading at resistance level 144.500 and support level 142.500.



Read more at Investing.com: Gold Prices Gains as Weak US Data Fuels Fed Rate Cut Expectations