

Market Update: April 4, 2025

Gold Price Hovers Near $3,100 as Bullish Sentiment Persists Ahead of U.S. NFP Report Gold continues to command attention, holding its ground above the $3,100 mark as bullish momentum shows no signs of fading. Investors are increasingly drawn to the precious metal as a safe-haven asset amid global uncertainties, with all eyes now on the forthcoming U.S. NFP report. A weaker-than-expected jobs number could amplify gold’s allure, while a robust outcome might test its recent upward trajectory. Pound Sterling Holds Gains Against U.S. Dollar Amid U.S. Economic Shockwaves The Pound Sterling is displaying notable staying power, clinging to modest gains against a U.S. Dollar that’s feeling the heat from emerging economic turbulence stateside. Market participants attribute the Dollar’s softness to mixed signals about U.S. growth, with the GBP/USD pair finding support as traders weigh the implications of potential policy shifts. The NFP data could either bolster Sterling’s edge or shift the balance back toward the greenback. U.S. Nonfarm Payrolls Preview: Job Growth Expected to Slow in March Amid Economic Uncertainty The spotlight is firmly on the U.S. Nonfarm Payrolls report, set to release later today, with analysts forecasting a noticeable slowdown in job creation for March. This anticipated easing comes against a backdrop of economic uncertainty, raising questions about the resilience of the U.S. recovery. Investors are bracing for a range of outcomes, from a mild dip that could calm inflation fears to a sharper decline that might signal deeper challenges ahead. WTI Crude Oil Prices Turn Bearish at European Open as Market Sentiment Shifts Crude oil markets are taking a breather, with West Texas Intermediate (WTI) prices adopting a bearish posture as European trading gets underway. This downward tilt reflects a shift in sentiment, possibly driven by concerns over weakening demand or an oversupply outlook. Traders are keeping a close watch on global economic cues, with oil’s direction likely to remain sensitive to both the NFP results and broader geopolitical developments.

Learn more

Publication date:

2025-04-04 09:36:17 (GMT)

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.