Gold prices rise slightly ahead of US job data

07/07/2023 Argaam

Gold prices rose modestly on Friday amid stability in US dollar and ahead of the US job data release.

 

Non-farm payrolls data for June is expected today, with 224,000 jobs likely to be added. In addition, the unemployment rate is forecast to fall to 3.6%.

 

Gold prices for August delivery rose 0.31%, or $6, to close at $1,921.4 an ounce. Spot prices increased 0.28% to $1,916.17 at 12:02 pm Makkah time.

 

However, gold prices are on track for recording the fourth straight weekly loss, falling nearly 0.5% during the week.

 

Silver futures stabilized at $22.91 per ounce, and spot platinum prices were up 0.66% to $912.13.

 

The dollar index, which measures the performance of the US currency against a basket of six major currencies, settled at 103.08 points.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.