SA Net Reserves Rise to $73.757B After Gross Fall; Gold Holds $4,732 Near Two-Week High

Gold (XAU/USD) holds above $4,700, trading near $4,732–$4,733 close to a two-week high into the Asian session as the US dollar eases ahead of Friday's Nonfarm Payrolls. South Africa's Gross Gold & Forex Reserves fell to $77.09B from $77.759B in April, followed by a rise in Net Reserves to $73.757B from $73.187B. Softer crude oil and US-Iran ceasefire hopes reduce inflation fears, tempering hawkish Fed expectations and supporting bullion upside. Markets focus on NFP (consensus +62K jobs at 12:30 GMT), unemployment (4.3%), and wage growth (3.8%) data.