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Asharq Al-Awsat

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Asharq Al-Awsat

Gold Off One-year Highs as Dollar Firms ahead of US Payrolls Data

Gold United States US Federal Reserve Monetary Policy

Gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. REUTERS/Denis Balibouse/File Photo

Gold prices retreated from one-year highs on Thursday as the dollar regained some ground, while investors awaited the US non-farm payrolls report to gauge the Federal Reserve's monetary policy strategy.

Spot gold fell 0.4% to $2,013.13 per ounce by 0701 GMT, after hitting its highest since March 2022 on Wednesday. US gold futures dipped 0.2% to $2,030.70.

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