Gold Flirts With Record High on Soft US Jobs Data, Iran Tensions

The interplay between economic indicators and geopolitical events continues to shape the gold market. With the Federal Reserve likely to adopt a more dovish stance in response to soft job data, investors may increasingly turn to gold as a hedge against potential economic instability. Additionally, the situation in Iran adds a layer of uncertainty that typically drives demand for safe-haven assets, suggesting that gold's upward trajectory may persist in the near term.