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macroAug 7, 2026, 3:59 AM

Gold Finds Fresh Demand Ahead of US Nonfarm Payrolls Report

Gold prices edged higher in Asian trading on Friday, recovering from a pullback after hitting seven-week highs near $4,304. Traders remain cautious before the US Nonfarm Payrolls data release.

XAUUSD

Gold attracted buying interest during Asian trading on Friday, reversing some of the previous day's sharp decline. The metal had hit a seven-week high of $4,304 the day before, then pulled back.

Now, the price is finding support as investors position ahead of the US Nonfarm Payrolls report. The upcoming NFP release could significantly influence US dollar dynamics and rate expectations, which in turn affect gold.

Source: FXStreet Forex News