Gold Price Forecast: XAU/USD shines on upbeat mood, soft US jobs data

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• Gold prices rebound sharply from weekly lows, marking a 0.43% increase as traders digest the latest U.S. jobless claims report.
• A divided Federal Reserve and the anticipation of Chairman Powell’s speech keep investors on edge, with a dovish tilt currently in the lead.
• The geopolitical tensions following the Hamas attack and subsequent Israeli military actions contribute to the safe-haven asset’s appeal.

Gold price (XAU/USD) rebounds in early morning trading during the North American session, bounces from weekly lows of $1944.80, prints solid gains of 0.43%, and exchanges hands at $1958.00.