Weakness Persists in Gold Prices Despite Weaker NFP Report

Gold prices continue to struggle in the short term, with a decline of approximately 0.3% over the past two sessions.

The weakness persists even after the release of the latest U.S. Nonfarm Payrolls (NFP) report, which initially appeared supportive of a less aggressive Federal Reserve in the near term.

The bond market remains one of the main factors limiting gold's recovery, as long as yields continue to show strength, the precious metal may face challenges in regaining momentum.

The recent NFP report showed that the U.S. economy created 29,000 jobs during September, well below both the 89,000 expected by economists and the 133,000 reported in August.