The ADP report revealed a gain of 146,000 private sector jobs in November, below the 150,000 forecast. Investors are awaiting Friday's non-farm payroll data and next week's inflation figures to gauge the Fed's next steps on interest rates.

Gold is also supported by global geopolitical tensions, including instability in South Korea, France, and ongoing conflicts in Ukraine and Israel. The Fed's potential rate cuts are seen as favorable for gold, which performs better in low-interest-rate environments.

Gold Prices Edge Up Amid Mixed U.S. Jobs Data and Geopolitical Tensions

Dec 05 2024