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Commodities

Gold Prices Stabilize Ahead of US Payrolls Data

Guavy AI Editorial Team
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Gold
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Gold prices steadied on Friday but remained on track for a second straight weekly decline. The precious metal is being pressured by a stronger US dollar and higher Treasury yields, as investors await key US payrolls data for clues on the Federal Reserve's policy path.

The spot gold price was little changed at $4,188.28 per ounce by 6:25 GMT, down more than 2% for the week so far. In contrast, US gold futures rose 0.4% to $4,218.60.

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