Gold prices (XAU/USD) moved with limited conviction on Thursday, swinging between small gains and losses as investors avoided taking large directional bets on the asset for fear of getting caught on the wrong side of the trade ahead of key U.S. jobs data before the weekend.
The November nonfarm payrolls report, due out Friday morning, could provide valuable information on the health of the labor market, helping to clarify the Fed’s monetary policy outlook. For this reason, it could be a source of volatility for major financial assets.
