Gold Stabilizes Amid Anticipation of US Jobs Data
Gold prices stabilized as markets awaited US jobs data that could impact Federal Reserve policy.
Translated by Qiyas from الأنباء — Original source
Gold prices stabilized during yesterday’s trading session as investors awaited U.S. jobs data scheduled for release today (Friday), seeking clues about the Federal Reserve’s future policy path. Spot gold held steady at $4,155.65 per ounce, while U.S. gold futures remained unchanged at $4,185.40 per ounce.
The September non-farm payrolls report tops the list of indicators watched by markets, as rising Treasury yields continue to support the dollar, increasing the cost of dollar-denominated gold for holders of other currencies.
In other precious metals markets, spot silver rose 0.5% to $60.69 per ounce, platinum gained 0.1% to $1,708.43, while palladium fell 0.3% to $1,200.15.
