Analyst Giuseppe Dellamotta noted that gold prices continue to be supported by geopolitical tensions and weak U.S. economic data, and that the current bullish momentum remains solid, though Friday’s U.S. nonfarm payrolls report could pose a challenge to this trend.Although the credibility of the previous report was called into question due to issues related to the government shutdown, this data should provide a clearer picture of the economy. If the data is strong, it could lead to a sharp pullback in gold prices, as traders would push back their expectations for an imminent interest rate cut by the Federal Reserve; conversely, if the data is weak, it should continue to support gold’s upward trend.Additionally, the U.S. Supreme Court has set Friday as the date for issuing its opinion and may rule on Donald Trump’s tariff policies. If the tariffs are overturned, the easing of stagflation risks could cause gold prices to fall. Conversely, if the tariffs remain in place, while this would not trigger significant volatility, it would still support the upward trend in gold prices.