Gold price (XAU/USD) trades in a tight range around $3,350 during the European trading session on Friday. The precious metal consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for August, which will be published at 12:30 GMT. Investors will pay close attention to the US official labor market data as it will influence market expectations for the interest rate outlook. Fed dovish expectations intensified in early August after the July’s NFP report showed a significant revision in employed figures of May and June on the downside. Lower interest rates by the Fed improves demand for ... (full story)