The dollar index rose 0.15% to 99.04 points.
Gold prices declined in Friday’s trading as investors awaited US nonfarm payrolls data for clues on the future path of the Federal Reserve’s monetary policy. 
Meanwhile, the dollar index, which measures the US currency’s performance against a basket of six major currencies, rose 0.15% to 99.04 points.
Market expectations for a September interest-rate hike declined following comments from Federal Reserve Governor Christopher Waller, who said he supports keeping monetary policy unchanged if data continue to show easing inflationary pressures, according to Reuters.
Data from the CME FedWatch Tool indicate that traders are pricing in a 50% probability of an interest-rate hike at the Fed’s meeting this month.
Change in Prices of Some Precious Metals in Futures and Spot Markets
Metal
Price ($/oz)
Change ($)
Change (%)
Gold (October Delivery)
4,479.9
(25.0)
(0.55%)
Gold (Spot)
4,474.69
+1.77
—
Silver (December Delivery)
67.20
(0.499)
(0.75%)
Silver (Spot)
66.76
(0.22)
(0.30%)
Platinum (Spot)
1,808.60
(14.70)
(0.80%)
Palladium (Spot)
1,413.26
(7.90)
(0.55%)
The dollar index rose 0.15% to 99.04 points.
Gold prices declined in Friday’s trading as investors awaited US nonfarm payrolls data for clues on the future path of the Federal Reserve’s monetary policy.
Meanwhile, the dollar index, which measures the US currency’s performance against a basket of six major currencies, rose 0.15% to 99.04 points.
Market expectations for a September interest-rate hike declined following comments from Federal Reserve Governor Christopher Waller, who said he supports keeping monetary policy unchanged if data continue to show easing inflationary pressures, according to Reuters.
Data from the CME FedWatch Tool indicate that traders are pricing in a 50% probability of an interest-rate hike at the Fed’s meeting this month.
Change in Prices of Some Precious Metals in Futures and Spot Markets
Metal
Price ($/oz)
Change ($)
Change (%)
Gold (October Delivery)
4,479.9
(25.0)
(0.55%)
Gold (Spot)
4,474.69
+1.77
—
Silver (December Delivery)
67.20
(0.499)
(0.75%)
Silver (Spot)
66.76
(0.22)
(0.30%)
Platinum (Spot)
1,808.60
(14.70)
(0.80%)
Palladium (Spot)
1,413.26
(7.90)
(0.55%)
