Gold bars
Gold prices rose in Friday’s trading as investors awaited key US jobs data for clues on the Federal Reserve’s monetary policy outlook. 
Meanwhile, the US dollar index, which measures the greenback against a basket of six major currencies, fell 0.20% to 101.92 points, but remained on track for a weekly gain.
Traders are now pricing in just a 28% chance of an interest rate hike this month, down from around 70% earlier in the week. However, they still see an 82% probability of a rate hike in December.
The US September jobs report is due later today. Unemployment and wage growth are expected to remain stable, while job creation in the world’s largest economy is forecast to slow to 89,000 from 162,000 in the previous month.
Changes in selected precious metals prices in futures and spot markets
Metal
Price ($/oz)
Change ($)
Change (%)
Gold (December delivery)
4,217.7
+15.4
+0.35%
Gold (spot)
4,187.64
+9.98
+0.25%
Silver (December delivery)
61.625
+0.45
+0.75%
Silver (spot)
61.2639
+0.27
+0.45%
Platinum (spot)
1,740.94
+13.65
+0.80%
Palladium (spot)
1,187.36
+2.51
+0.20%
At 8:24 a.m. Makkah time.
Gold bars
Gold prices rose in Friday’s trading as investors awaited key US jobs data for clues on the Federal Reserve’s monetary policy outlook.
Meanwhile, the US dollar index, which measures the greenback against a basket of six major currencies, fell 0.20% to 101.92 points, but remained on track for a weekly gain.
Traders are now pricing in just a 28% chance of an interest rate hike this month, down from around 70% earlier in the week. However, they still see an 82% probability of a rate hike in December.
The US September jobs report is due later today. Unemployment and wage growth are expected to remain stable, while job creation in the world’s largest economy is forecast to slow to 89,000 from 162,000 in the previous month.
Changes in selected precious metals prices in futures and spot markets
Metal
Price ($/oz)
Change ($)
Change (%)
Gold (December delivery)
4,217.7
+15.4
+0.35%
Gold (spot)
4,187.64
+9.98
+0.25%
Silver (December delivery)
61.625
+0.45
+0.75%
Silver (spot)
61.2639
+0.27
+0.45%
Platinum (spot)
1,740.94
+13.65
+0.80%
Palladium (spot)
1,187.36
+2.51
+0.20%
At 8:24 a.m. Makkah time.
