Gold (XAU/USD) has gained strength, trading at approximately $4,220 as traders respond to the recent ADP Employment Change report, which revealed weaker-than-expected job growth. This data has contributed to a shift in market sentiment, with investors looking for safe-haven assets amid concerns over the labor market's health.
As the day progresses, the focus now turns to the ISM Services Purchasing Managers Index, set to be released shortly. Market participants are keen to see how the services sector is faring, as this could further influence the exchange rate for the U.S. dollar (USD) and impact trading strategies across various currency pairs, including EUR/USD and others.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 14:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.