Precious Metals Preview: Gold and silver futures rebound on safe haven demand; US NFP in focus

Precious metals gold and silver are seen rising back on safe haven demand amid escalating geopolitical tensions and ahead of crucial US jobs data due later in the global day. US Nonfarm Payrolls (NFP) report, are expected to offer further insight into labor market conditions and the Federal Reserve?s (Fed) policy outlook. Meanwhile, President Trump has reportedly warned of a forceful response to any Iranian violence against protesters, following recent US actions in Venezuela and threats to use military force to seize control of Greenland. Gold futures are currently quoting at $4473.40 an ounce, up 0.28% on the day. Silver futures are up 1.3%.

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