ADP Report

Gold is advancing even as Treasury yields and the dollar remain firm, signaling that traders are focused on shifting expectations for Federal Reserve policy. The payrolls release at 12:30 GMT is set to determine whether the metal can build on its breakout above the 50-day moving average or face a sharper test of support.

Gold is holding near a seven-week high after a sharp rally fueled by a weaker US dollar, lower yields and fading energy inflation pressure. Friday’s payrolls data now stands as the key test for whether the breakout can extend or stall.