Gold trades 0.37% higher at 1262.80, recovering from a brief dip to 1256.70 session low. Markets sought safety assets heading into today’s NFP report and also weekend’s official China’s 2016 GDP release.
Last Night gold rallied to the highest levels since Feb 2015 at $ 1268.90 after dismal economic data from the US triggered a massive USD sell-off and bolstered the dollar priced-in yellow metal.
Today Key Market Event
The highly influential US NFP Number, which is expected to huge volatility and set next direction on gold price action.