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Gold Holds $4,028, Silver at $58.63 Ahead of Thursday NFP Report

GateNews
Metals
According to Kitco, spot gold and silver prices are steadier ahead of Thursday's U.S. nonfarm payrolls report on July 3, with gold trading near $4,028.20 (up 0.54%) and silver near $58.63 (up 0.29%) on Wednesday. Gold's early trading range was $3,959.40 to $4,036.40, while silver ranged from $57.05 to $59.24, as traders covered shorts near major support levels. The rebound remains capped by a firmer U.S. dollar and higher Treasury yields. Market positioning is now centered on Thursday's June employment report; a strong payrolls print would support the dollar and yields, while a softer print would allow gold and silver more room to extend gains.
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