• +1 (312) 549-9986

Gold $4,903.86 $69.98 1.45% Silver $96.34 $3.17 3.41% Platinum $2,581.40 $98.91 3.98% Palladium $1,887.92 $40.44 2.19%

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