Gold Prices Hold Steady as Investors Await US Jobs Data

Gold prices have remained relatively stable near their recent highs on Friday, poised for modest weekly gains. Investors are eagerly awaiting US jobs data to gain insight into the Federal Reserve's interest rate policy.

The current spot gold price is at $4,477.10 an ounce as of 02:11 GMT. This follows a nearly 2% surge in prices on Thursday, according to Reuters.

This increase in gold prices can be attributed to diminishing expectations for an interest rate hike this month. Federal Reserve member Christopher Waller expressed his support for keeping rates unchanged if data continues to show easing inflationary pressures.