Gold heads for weekly gain ahead of US jobs data
Gold prices eased on Friday but remained on track for a modest weekly gain. Investors scaled back bets on a September rate hike ahead of crucial US payrolls data.
Xurve View
Insights:
Xurve View
Gold fell 0.1% to $4,467.30 per ounce on Friday afternoon, heading for a modest weekly gain ahead of United States nonfarm payrolls. The precious metal rebounded from a three-week low hit earlier in the week following remarks from Federal Reserve officials. Investors are weighing shifting monetary policy expectations against upcoming inflation reports.
