‎Gold futures edge down, head for weekly drop

‎Gold futures edge down, head for weekly drop ‎Gold futures edge down, head for weekly drop

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Goldbars

Gold futures prices edged down on Friday and are expected to post a weekly loss, amid the US dollar’s weekly gains and escalating trade tensions between the US and several countries.

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Gold futures for December delivery—the most actively traded contract—inched down 0.1%, or $3.50, to $3,345.10 per ounce.

Meanwhile, spot gold rose 0.15%, or $5.72, to $3,295.65 per ounce as of 8:55 am KSA time.

The US Dollar Index held steady at 99.98 points.

Elsewhere, September silver futures fell 0.2% to $36.64 per ounce. Spot prices for platinum rose 0.4% to $1,297.38, while palladium climbed 0.55% to $1,205.62 per ounce.

Markets are now awaiting the release of US jobs data due later today for further signals on the Federal Reserve’s interest rate path, after the central bank held rates steady earlier this week.

 

Goldbars

Gold futures prices edged down on Friday and are expected to post a weekly loss, amid the US dollar’s weekly gains and escalating trade tensions between the US and several countries.

Gold futures for December delivery—the most actively traded contract—inched down 0.1%, or $3.50, to $3,345.10 per ounce.

Meanwhile, spot gold rose 0.15%, or $5.72, to $3,295.65 per ounce as of 8:55 am KSA time.

The US Dollar Index held steady at 99.98 points.

Elsewhere, September silver futures fell 0.2% to $36.64 per ounce. Spot prices for platinum rose 0.4% to $1,297.38, while palladium climbed 0.55% to $1,205.62 per ounce.

Markets are now awaiting the release of US jobs data due later today for further signals on the Federal Reserve’s interest rate path, after the central bank held rates steady earlier this week.

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