Shafaqna English– The gold prices US payrolls data story kept markets cautious on Friday. Gold prices were steady. But the metal remained set for a second consecutive weekly loss. Pressure came from a strengthening US dollar and elevated Treasury yields.
Investors were also watching for key US payrolls data to gauge the Fed’s policy path. The gold prices US payrolls data link is key for traders this week.
By 0419 GMT, spot gold traded almost flat at $4,184.45 per ounce. It was down over 2% for the week so far. US gold futures gained 0.3%, reaching $4,214.70. The small gain showed some buyers stepping in, but overall sentiment stayed weak.
Source: Reuters