According to Jinshi, gold prices showed mild negative sentiment after retreating from a two-week high during the European trading session on Friday. Investors are now choosing to stay on the sidelines, waiting for the highly anticipated non-farm release. The ADP private sector employment report released on Wednesday showed that the US labor market is cooling, consolidating bets that the Federal Reserve will cut interest rates in September and suppressing US Treasury yields. The benchmark 10-year US Treasury yield hovered near its lowest level in two months, which in turn is seen as weakening the dollar and becoming a driving force for gold. However, some follow-up buying has the potential to push gold prices to the next relevant barrier near $2,425 and head towards the $2,450 area, the historical high reached in May.