Gold fell by over 1% within minutes of news that the PBOC halted its gold purchases for the first time since October 2022! And there could be more volatility for the precious metal when the US jobs report arrives in just a couple of hours.

AI-mania is still powering the likes of the S&P 500 and Nasdaq 100 to never-seen-before levels. Tomorrow's US jobs report should determine even greater heights, or a pullback, are warranted before the weekend.

The US400 has already posted multiple fresh all-time peaks so far in 2024, boasting of nearly 10% in gains for Q1 2024. This week's events may determine whether this stock index will push further above, or sink back below, the psychological 3,000 level.

Gold bulls are trying to stabilize at $2030 despite the looming economic uncertainty, after briefly reaching an all-time high at 2134.80 during the trading session last Friday.