Will weakening US labor market signal fuel gold demand?GoldOANDA:XAUUSDinkicho_exness Gold demand has risen as mounting labor market concerns drive investors toward safe havens. The BLS revised job growth down by 911k over the past year, showing only 847k jobs added versus the previously reported 1.758 mln, far weaker than the 682k consensus, signaling a clear slowdown. JPMorgan CEO Dimon noted deteriorating consumer sentiment and labor market weakness as signs of a softening US economy. However, he added that while the Fed is likely to cut rates, the impact on the broader economy may be limited. XAUUSD continues its uptrend, consolidating near record highs. The widening gap between both EMAs indicates the potential extension of bullish momentum. If XAUUSD breaches above the resistance at 3650, the price may advance toward the psychological resistance at 3700. Conversely, if XAUUSD breaks below the support at 3580, the price could retreat toward the next support at 3500.