Gold heads for biggest weekly gain since January ahead of US jobs data
Gold prices are on track for their largest weekly gain since January, rising over 5% this week, driven by lower oil prices and easing inflation expectations. Spot gold reached $4,254.11 per ounce, while U.S. gold futures increased to $4,312.00, as investors await the U.S. nonfarm payrolls report for insights on interest rates. Market sentiment remains bullish, with traders anticipating potential price corrections towards $4,600 despite upcoming economic data.