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fxJul 1, 2026, 11:17 PM

Gold Rebounds to Near $4,050 on Softer Fed Stance, US NFP Data in Focus

Gold price gains momentum to around $4,045 in early Asian session Thursday, recovering from near seven-month lows as traders assess fresh remarks from the Federal Reserve and await US NFP data.

XAUUSD

Gold (XAU/USD) rebounded to near $4,050 during early Asian trading on Thursday, recovering from a near seven-month low. The move higher was driven by a softer tone in recent Federal Reserve remarks and positioning ahead of the US Nonfarm Payrolls (NFP) report. The precious metal had been under pressure but found support as traders digested the Fed's comments.

The upcoming US NFP data is expected to provide further direction for gold, as it will influence expectations for monetary policy. A weaker labor market reading could reinforce the case for rate cuts, supporting gold, while a strong print might cap gains. Currently, gold is trading around $4,045.

Source: FXStreet Forex News