Gold hovered around $2,900 per ounce, set for a weekly gain. While Trump temporarily paused 25% tariffs on most Canadian and Mexican goods, Canada’s retaliatory tariffs remain, and China’s countermeasures take effect next week.
U.S. labor data showed mixed signals as layoffs hit a 2020 high per the Challenger report, while jobless claims fell more than expected. Investors now await the non-farm payrolls report for further labor market insights and potential Fed policy impact.
Key resistance stands at $2,923, with further levels at $2,955 and $3,000. Support is at $2,860, followed by $2,830 and $2,790.
U.S. labor data showed mixed signals as layoffs hit a 2020 high per the Challenger report, while jobless claims fell more than expected. Investors now await the non-farm payrolls report for further labor market insights and potential Fed policy impact.
Key resistance stands at $2,923, with further levels at $2,955 and $3,000. Support is at $2,860, followed by $2,830 and $2,790.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.