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Commodities

Gold Prices Fall Amid US Jobs Report Anxiety

Guavy AI Editorial Team
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Gold
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Gold futures on India's Multi Commodity Exchange (MCX) fell by 0.28% on Friday, September 4, after a two-day winning streak.

The decline was largely due to investors' cautious approach ahead of the U.S. nonfarm payrolls report, which is set to influence Federal Reserve interest rate policy.

As interest rates have a direct impact on gold prices, traders are hesitant to build new positions before the major economic update.

Gold prices on COMEX for December delivery were trading near $4,528 per ounce, reflecting the global market's caution.

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