Gold Steadies Ahead of US Payrolls

Gold prices held steady on Friday but headed for a weekly decline. A stronger US dollar and high Treasury yields weighed on bullion. Investors awaited the US payrolls report for direction.

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A saleswoman shows gold bangles to a customer at a jewellery showroom in Kolkata, India, May 3, 2022.

Gold held steady during Friday morning trade while heading toward a weekly decline, pressured by a stronger dollar and elevated bond yields ahead of key employment data. Spot prices hovered at $4,182.44 per ounce during late morning hours, bringing the week's losses to over 2%.

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