Analyst: Gold prices still have upward momentum, with non-farm payrolls and Trump's tariff ruling as key variables

Breaking News from Mars Finance: Analyst Giuseppe Dellamotta stated that gold prices continue to be supported by geopolitical tensions and weak US data. Currently, the bullish momentum remains solid, but Friday’s US non-farm payroll report could pose a challenge. Although the previous report’s credibility was questioned due to government shutdown issues, this time the data should provide a clearer economic picture. If the data is strong, it could lead to a sharp correction in gold prices as traders delay expectations of imminent Fed rate cuts; conversely, if the data is weak, it should continue to support gold’s upward trend. Additionally, the US Supreme Court has designated Friday as the opinion release day, potentially ruling on Trump’s tariff policies. If the tariffs are rejected, easing stagflation risks may cause gold prices to fall. On the other hand, if tariffs remain unchanged, although no major fluctuations are expected, the upward trend in gold prices will still be supported.