Gold prices surged by more than 1% on Friday, with XAU/USD reaching $4,174 after rebounding from a daily low of $4,121, according to FX Street. This rise followed the release of weaker-than-expected US Nonfarm Payrolls data on Thursday, which dampened expectations for further interest rate hikes by the Federal Reserve.
The US Dollar also weakened amid this backdrop, with USD/CHF heading toward its first weekly loss in five weeks, FX Street reported. The softer jobs report has shifted market sentiment, reducing the perceived urgency for the Fed to tighten monetary policy aggressively.
For Japanese investors, these developments highlight the ongoing influence of US economic data on global FX and commodity markets, underscoring the need to monitor Fed policy signals closely amid volatile conditions.