Gold Pauses as Strong NFP Data Boosts the DollarHello traders!
Gold is currently hovering around $3,330 after Friday’s Non-Farm Payrolls (NFP) report came in stronger than expected, showing 147,000 new jobs — higher than both the previous reading (139,000) and forecasts (110,000). This pushed the US dollar slightly higher, placing temporary pressure on gold’s upside momentum.
However, broader market factors still support gold’s long-term bullish outlook. Concerns over US fiscal sustainability, continued central bank gold buying, and global growth fears remain key drivers for safe-haven demand.
Technically, gold continues to hold above the key support zone near $3,325, preserving its bullish structure. As long as this level holds, the upward trend remains valid.
👉 What’s your take after the latest NFP report? Will gold keep rising — or is a pullback on the way?
Long