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Last Friday’s weaker-than-expected NFPs gave gold a boost on renewed US rate cut expectations. Further gains may depend on the outcome of ongoing Israel-Iran peace talks.

Gold is struggling to move higher as haven assets remain in the doldrums. This week’s Fed policy decision and US Jobs Report are likely to wake up the precious metal.

Financial markets remain risk-on as positive sentiment continues to push prices higher.

The precious metal has lost around 5% of its value since last Friday as risk assets benefit from the current pause in the Israel-Iran conflict