Gold Price Week Ahead: Friday’s Rebound Faces a Tough Test From Payrolls, Oil and Hormuz Talks
Gold surged nearly 3% Friday to $4,504.79 an ounce but faces pressure from rising oil prices and U.S. Treasury yields, which climbed above 4.4%. Brent crude settled at $112.57 a barrel. U.S. jobs data and manufacturing PMI are due this week, with markets closed for Good Friday. Physical demand in India and China remains subdued despite central bank buying.