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The Economic Times

Business

Gold slips before US payrolls data, set for second weekly loss

United States Gold US Federal Reserve US Dollar

Gold prices fell on Friday and were on track for a second straight weekly decline, pressured by a firmer US dollar and elevated Treasury yields, while investors awaited key US payrolls data for clues on the Federal Reserve's policy path.

Spot gold fell 0.6% to $4,154.78 per ounce by 0205 GMT and was down more than 3% for the week so far. US gold futures lost 0.4% to $4,184.00.

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