• +1 (312) 549-9986

Gold $4,685.81 $(29.58) -0.63% Silver $87.97 $1.39 1.61% Platinum $2,167.04 $37.37 1.75% Palladium $1,502.85 $14.61 0.98%

Gold on track for fourth weekly loss on bets for hawkish Fed

Gold on track for fourth weekly loss on bets for hawkish Fed

July 7 (Reuters) - Gold prices edged up on Friday but were on track for a fourth consecutive weekly loss as strong U.S. jobs data strengthened bets for higher-for-longer interest rates by the Federal Reserve.

Spot gold was up 0.3% to $1,915.79 per ounce by 0902 GMT, with analysts attributing the small uptick to bargain hunting. U.S. gold futures rose 0.3% to $1,921.80...[LINK]

Leave your comment