Gold Edges Higher on Softer Dollar, US Jobs Data Looms
Gold prices have increased slightly due to a softer US dollar. The price of gold rose by 0.1% to $4,081.09 per ounce. In contrast, US gold futures dropped by 0.4% to $4,137.20.
The rise in gold prices was facilitated by a weaker US dollar. Investors are now eagerly awaiting the release of US jobs data for clues on the Federal Reserve's next monetary policy move.