Gold prices are rising, and the "ADP Employment Report" in the United States is about to be released.

The price of gold rose in early trading as investors awaited US private sector employment data for clues on the next policy moves by the Federal Reserve. New York gold futures rose 0.9% to $3,991.60 per ounce. Soojin Kim of Mitsubishi UFJ said: "Gold prices rebounded to near $4,000 per ounce as concerns over overvalued stock prices prompted a sell-off in global stock markets, leading investors to flock to safe-haven assets." However, pressure from a stronger US dollar and cooling expectations for further interest rate cuts in December have kept the price of the precious metal below the $4,000 threshold. The medium-term price outlook remains bullish, supported by ongoing geopolitical uncertainty, strong buying by central banks around the world, and continued demand from private investors.