Market Analysis: US employment data will be key to the future trend of gold.

Pepperstone analyst Dylan Wu stated that, considering the continuous record highs of gold, US employment data will be crucial in determining the next direction for gold. Market expectations of further interest rate cuts by the Federal Reserve are supporting gold. This research strategist mentioned that factors such as Trump's tariff policies, geopolitical tensions and the possibility of a US government shutdown have also stimulated demand for safe-haven assets like gold. Additionally, momentum traders and the continuous inflow of funds into gold ETFs are providing support. This week, all eyes are on US labor market data. Wu pointed out that weaker-than-expected job numbers and a stable unemployment rate will strengthen the Fed's reasons for easing monetary policy, thus further boosting gold prices. Currently, the bulls dominate the gold market, and unless a major unexpected event occurs, such as a change in the Fed's stance, the path of least resistance for gold remains upwards.