Commodities
Gold Prices Steady Ahead of US Payrolls Data and Potential Rate Hike
Gold prices held steady on Friday, September 4, as investors awaited the highly anticipated US payrolls data for clues on the Federal Reserve's next interest rate decision.
The spot price of gold remained at $4,475.75 per ounce, while US gold futures for December delivery fell 0.4% to $4,522.60.
Traders are pricing in a 50% chance of a Fed rate hike later in September, according to the CME FedWatch Tool.
The US nonfarm payrolls report is due at 1230 GMT, and data showed that the number of Americans filing claims for unemployment benefits rose marginally last week amid low layoffs, indicating stable labour market conditions.