Gold prices (XAU/USD) soared over 1% to $2,385 after the release of mixed US Nonfarm Payrolls (NFP) data and increased speculation of a Federal Reserve rate cut. The NFP report for June exceeded expectations, but revisions for April and May indicated a cooling labor market. The US Dollar Index (DXY) declined 0.16% to 104.95, and the 10-year Treasury yield dropped more than six basis points to 4.284%. XAU/USD initially traded at daily lows of $2,349 but rebounded due to a weaker US Dollar and lower US Treasury bond yields. The weaker-than-expected NFP data, along with downward revisions for previous months, suggested that the US economy added 111,000 fewer jobs than initially reported. As a result, the Unemployment Rate rose slightly in June. Gold prices have benefited from a weaker dollar and increased expectations of a Fed rate cut. Technical studies on the daily chart remain overall bullish, but strong resistance levels at $2,368/71 need to be cleared for a continuation of the recovery. [63919d70] [dd87f66f] [5d52be4c]