Gold Prices Firm at $4,044 Ahead of NFP Week

Gold prices are holding steady at approximately $4,044 as investors await U.S. economic data throughout the week, particularly the Non-Farm Payrolls (NFP) due on Friday.

The NFP is expected to be the largest market mover this week, with a consensus ranging between 40,000 and 90,000 jobs added, and an unemployment rate of 4.2-4.3%.

Weak labor data may bring the NFP closer, while increased central bank purchases, geopolitical tensions, and strong physical demand for gold may keep prices higher longer.