fundamental news:
Gold prices (XAU/USD) show a slight negative trend after pulling back from recent two-week highs during Friday's European trading session. Investors are cautiously awaiting the U.S. Nonfarm Payrolls (NFP) report, which is expected to significantly influence the Federal Reserve's policy decisions and impact gold prices. Rising expectations of a Fed interest rate cut in September, supported by softer U.S. macroeconomic data, continue to buoy gold prices. Additionally, dovish Fed expectations are keeping U.S. Treasury bond yields and the U.S. Dollar near multi-week lows, which helps limit gold's downside. Geopolitical tensions in the Middle East also suggest that gold's price is more likely to rise.