Gold price leaped over 1% to $2,385, spurred by mixed US NFP data and heightened Fed rate cut speculation. June NFP surpasses forecasts, yet revisions for April and May indicate an accelerating labor market cooldown. US Dollar Index declines 0.16% to 104.95; 10-year Treasury yield drops more than six basis points to 4.284%.
Technical analysis: Gold price crushes Head-and-Shoulders neckline, aims for $2,400 Gold price has decisively broken the Head-and-Shoulders neckline, lifting spot prices near the $2,390 mark, indicating that bulls are in charge and higher prices lie ahead. The momentum has shifted in buyers' favor as depicted by a bullish Relative Strength Index .
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