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Gold price consolidates its recent gains to a one-month peak


Gold price consolidates its recent gains to a one-month peak touched on Thursday.Traders opt to wait on the sidelines ahead of the release of the critical US jobs report.A combination of factors lends support to the XAU/USD and favours bullish traders. Gold climbed on Thursday, pushing past the $2,050 barrier and coming within a hair's breadth of breaking $2,065, a key ceiling.

Spot gold price (XAU/USD) extends its consolidative sideways price move heading into the European session on Friday and remains well within the striking distance of a one-month top touched the previous day.


Traders now seem reluctant and prefer to wait for the release of the US monthly employment details, which might provide some cues on the Federal Reserve's (Fed) policy path and provide a fresh directional impetus to gold.



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