• +1 (312) 549-9986

Gold $3,884.94 $22.32 0.58% Silver $47.51 $0.34 0.73% Platinum $1,589.85 $29.65 1.9% Palladium $1,264.15 $(1.53) -0.12%

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