Gold Stabilizes Ahead of US Jobs Data, Set for Weekly Loss
Qiyas summary
Gold stabilizes amid expectations of jobs data
Translated by Qiyas from الأنباء — Original source
Gold prices stabilized on Friday but remain on track to incur losses for a second consecutive week, weighed down by a stronger US dollar and rising US Treasury yields, as investors await US jobs data for clues about the Federal Reserve’s monetary policy trajectory.
Spot gold settled at $4,188.28 per ounce, marking a decline of about 2% since the start of the week. Among other precious metals, spot silver rose 0.7% to $61.26, platinum gained 0.6% to $1,735.05, and palladium advanced 1.3% to $1,186.96, with all three metals poised to record weekly losses.
