Gold held near $3,330 an ounce as investors weighed the impact of the US tax bill, expected to widen the deficit, and awaited key jobs data. A weaker employment report could boost bets on Fed rate cuts, supporting gold.
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Prices have risen over 25% this year, nearing April’s record, fueled by haven demand, central bank buying, and ETF inflows. Meanwhile, trade tensions linger, but concerns have eased as the US economy remains strong.
Spot gold was flat at $3,330.13 in London. The dollar inched up 0.1%, while silver and platinum were steady. Palladium rose.
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