Solid Gold Berjangka | Gold Set for Worst Week in Six as U.S. Yields Surge Before Jobs Data
Gold prices looked set to post their worst week in six on Friday as investors braced for a closely watched U.S. jobs report after a string of solid economic data this week drove Treasury yields to nine-month highs.
Spot gold was little changed at $1,935.07 per ounce by 0412 GMT, while U.S. gold futures rose 0.1% to $1,970.30.
Gold prices have declined more than 1% so far this week, having slipped to their lowest level since July 11 in the last session.
U.S. long-term Treasury yields climbed to their highest since November on Thursday after employment and other economic data pointed to easing inflation.
Non-farm payrolls, or NFP, data due at 1230 GMT will be the next focus for further clues about the U.S. economy’s strength.
Source :Reuters
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