Abu dhabi: The XAU/USD pair continues to advance amid a weakening market mood, trading near weekly highs around $4,340. Gains in the precious metal remain cautious, as investors await key economic events in Europe and the United States. According to Emirates News Agency, gold climbed on Wednesday, gaining 0.87% after a mixed US employment report, escalating tensions between the United States and Venezuela, and remarks by Federal Reserve Governor Christopher Waller. At the time of writing, gold is trading at $4,337, retreating from an intraday high of $4,349.