Gold prices struggled to maintain momentum on Friday, holding steady around the $4,470 level after a rebound from a recent low near $4,280. The precious metal failed to break above the $4,500 mark, signaling a pause in its recovery ahead of key US Nonfarm Payrolls data.
According to FX Street, XAU/USD remained flat at $4,470, reflecting cautious market sentiment as investors await the employment report that often influences risk appetite and safe-haven demand.
For Japanese investors, this price action comes as global markets brace for potential volatility from US economic indicators, which can impact yen crosses and risk-sensitive assets in the region.