Gold bars
Gold and silver extended their gains during Friday’s trading as investors scaled back expectations for higher US interest rates following weaker-than-expected US labor market data. 
Meanwhile, the US Dollar Index, which tracks the greenback against a basket of six major currencies, fell 0.15% to 100.72, putting it on course for a weekly loss.
Fed funds futures traders reduced the implied probability of a September interest rate hike to 54%, down from 66% before Thursday’s US employment report, according to Reuters.
Price Performance of Selected Precious Metals
Metal
Price ($/oz)
Change ($)
Change (%)
Gold (August Futures)
4,191.60
+65.90
+1.60%
Gold (Spot)
4,175.38
+53.03
+1.30%
Silver (September Futures)
62.88
+1.82
+2.95%
Silver (Spot)
62.34
+1.42
+2.35%
Platinum (Spot)
1,656.06
+32.41
+2.00%
Palladium (Spot)
1,280.15
+15.93
+1.25%
The June employment report showed US employers added fewer jobs than economists had expected last month, while the unemployment rate declined. Weekly jobless claims also fell, contrary to market expectations.
Gold bars
Gold and silver extended their gains during Friday’s trading as investors scaled back expectations for higher US interest rates following weaker-than-expected US labor market data.
Meanwhile, the US Dollar Index, which tracks the greenback against a basket of six major currencies, fell 0.15% to 100.72, putting it on course for a weekly loss.
Fed funds futures traders reduced the implied probability of a September interest rate hike to 54%, down from 66% before Thursday’s US employment report, according to Reuters.
Price Performance of Selected Precious Metals
Metal
Price ($/oz)
Change ($)
Change (%)
Gold (August Futures)
4,191.60
+65.90
+1.60%
Gold (Spot)
4,175.38
+53.03
+1.30%
Silver (September Futures)
62.88
+1.82
+2.95%
Silver (Spot)
62.34
+1.42
+2.35%
Platinum (Spot)
1,656.06
+32.41
+2.00%
Palladium (Spot)
1,280.15
+15.93
+1.25%
The June employment report showed US employers added fewer jobs than economists had expected last month, while the unemployment rate declined. Weekly jobless claims also fell, contrary to market expectations.
