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Previous Metals Preview: Gold holds above $3600 per ounce ahead of nonfarm payroll data
05-Sep-2025 07:42

COMEX Gold futures stayed supported above $3600 per ounce ahead of the US nonfarm payrolls data. Broader uncertainty about tariffs lingered, with the Trump administration appealing a ruling that overturned most of its global tariffs. The metal trades at $3611 per ounce, up marginally on the day. Meanwhile, Central banks moderated their gold purchases in July as persistently high prices likely weighing on demand, but emerging markets continue to be steady buyers, according to the latest data from the World Gold Council (WGC).

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