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Commodities

Gold Prices Retreat Ahead of US Payrolls Data Release

Guavy AI Editorial Team
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Gold Silver
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Gold and silver futures declined in recent trade, with investors taking profits before the US nonfarm payrolls data release. Gold prices on the Multi Commodity Exchange fell Rs 431 to Rs 1,55,344 per 10 grams for October delivery.

The decline was attributed to cautious investor sentiment ahead of the jobs report, which could influence expectations around the Federal Reserve's next interest-rate decision.

Despite this, global gold remains firm, with Comex gold futures for December delivery trading at USD 4,528.54 per ounce in New York. Spot gold held near USD 4,480 and remained on course for a modest weekly gain.

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