Commodities
Gold Holds Ground Ahead of Crucial US Payrolls Data
Gold prices remained steady on Friday at $4,477.10 per ounce as traders await US payrolls data for clues on the Federal Reserve's next interest rate decision.
The metal is poised to post a small weekly gain, with spot gold holding its ground despite some volatility in recent days.
According to Ross Maxwell, global strategy operations lead at VT Markets, weak figures and rising unemployment could weaken the case for a rate hike, potentially leading to a recovery in gold prices.