Gold price prediction today: Where are gold rates headed on August 5, 2025? Here’s the outlook

Gold price prediction today: Gold prices are poised for potential gains, buoyed by a weak US nonfarm payroll report and concerns regarding the Federal Reserve's independence after President Trump's dismissal of a BLS chief. Despite range-bound trading, gold's outlook remains positive, influenced by upcoming US data and tariff developments, with investors closely monitoring support and resistance levels.