🥇 Gold Holds Near $5,060 After Strong Jobs Data

Gold trimmed gains but remains near multi-week highs as strong U.S. labor numbers reduced urgency for immediate Fed cuts.

📊 NFP: +130K (vs 70K expected)

📉 Unemployment: 4.3%

💵 Wages: +0.4% MoM (3.7% YoY)

Markets pushed the next fully priced 25bps cut from June → July, lifting Treasury yields and capping upside in bullion.

Still, gold stays supported by:

• Expectations of easing later in 2026

• Ongoing geopolitical risks

• Continued PBoC gold buying 🇨🇳

Short term: rate pressure.

Medium term: structural support intact. 👀