📈 Gold jumps 1.5% ahead of NFP, hitting its highest level since Jan. 30

Gold is up more than 1% today, supported by a weaker U.S. dollar and a set of favorable fundamental drivers. Donald Trump said the U.S. should maintain the lowest interest rates in the world and threatened to deploy a second aircraft carrier closer to Iran. Iran said today that its missile program is not up for negotiation, even as it considers renewed talks with the United States.

What’s particularly notable is new information from the Dutch pension fund Stichting Pensioenfonds ABP, indicating the fund has reduced its U.S. Treasury holdings by about 30% and sold roughly $10 billion of U.S. government bonds over a six-month period (through September 2025).
ABP still holds around $19 billion in Treasuries, but the shift adds weight to the narrative that some large investors are gradually trimming exposure to U.S. debt. Even if the scale remains limited for now, it can still be enough to pressure the dollar and support gold.
Strong demand from gold ETFs is also helping the upside. Volatility may pick up later today ahead of the U.S. NFP labor market report (14:30 CET). Recent U.S. employment data have been largely disappointing, which has provided additional support for precious metals.

From a technical perspective, the hourly gold chart suggests an important resistance zone near the 61.8% and 71.6% Fibonacci retracements of the latest downswing. A break above $5,260 could open the way toward fresh all-time highs. Price remains above both the EMA50 and EMA200, pointing to strong bullish momentum.

Source: xStation5

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
adobe_unique_id	Expiration date 364 days
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
countryIsoCode
intercom-device-id-iojaybix	Expiration date 270 days
test_cookie	Expiration date 1 hour
_cfuvid
OClmoOot	Expiration date 18262 days

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-121192761-1	Expiration date 1 hour
_gat_UA-190421227-1	Expiration date 1 hour
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
AnalyticsSyncHistory	Expiration date 29 days
__hstc	Expiration date 179 days
__hssrc
__hssc	Expiration date 1 hour
_vwo_uuid_v2	Expiration date 365 days
_gcl_au	Expiration date 89 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
guest_id	Expiration date 729 days

Cookie name	Description
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_fbp	Expiration date 89 days
fr	Expiration date 89 days
muc_ads	Expiration date 729 days
lang
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
li_sugr	Expiration date 89 days
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
MUID	Expiration date 389 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
MSPTC	Expiration date 389 days
_rdt_uuid	Expiration date 89 days

Cookie name	Description
personalization_id	Expiration date 729 days
UserMatchHistory	Expiration date 29 days
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
lang
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days