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Gold $3,423.58 $(7.7) -0.22% Silver $39.39 $0.12 0.32% Platinum $1,454.83 $11.85 0.82% Palladium $1,282.45 $7.44 0.58%

Gold backs down as Fed pause doubts lift US dollar

Gold backs down as Fed pause doubts lift US dollar

July 21 (Reuters) - Gold prices slipped on Friday as the dollar rebounded to its highest in more than a week after positive weekly U.S. jobs data renewed uncertainty over whether the Federal Reserve will stop raising interest rates after an expected increase next week.

Spot gold slipped 0.4% to $1,962.69 per ounce by 1119 GMT, but was set for a 0.4% rise this week. U.S. gold futures dropped 0.3% to $1,965...[LINK]

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