Gold Price Prediction XAUUSD: How Strong US Dollar and Upcoming Jobs Report Could Impact Gold Market Trends
Key Points:Gold prices edge higher but face pressure from a strong dollar and fading hopes for Fed rate cuts in 2025.The U.S. dollar index hits a 2-month high, reinforcing short-term bearish sentiment in the gold market.Tariff tensions from Trump’s renewed trade actions add safe-haven support to gold, despite macro headwinds.Gold Eyes Recovery, but Strong Dollar and Fed Outlook Cap GainsGold prices edged higher for a second straight session on Friday, recovering modestly from Wednesday’s steep d