Gold holds steady ahead of US payrolls data Gold prices were steady on Friday and poised for a modest weekly gain, as traders' attention turned to key U.S. payrolls data for clues on the Federal Reserve's next interest rate decision.
Spot gold held its ground at $4,469.26 per ounce, as of 0633 GMT. Prices jumped 2% on Thursday as traders scaled back expectations for a September rate hike after Fed Governor Christopher Waller said he would support leaving rates unchanged if data continued to show inflation pressures moderating.
U.S. gold futures for December delivery fell 0.5% to $4,515.70. https://shafaq.com/en/Economy/Gold-holds-steady-ahead-of-US-payrolls-data
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