01-06-2023 08:45 AM | Source: Reuters
Gold rises, set for weekly gain with spotlight on U.S. jobs data
News By Tags | #813 #12 #1129 #1595

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

 Gold prices edged higher on Friday and were on track for a third straight weekly gain, with investors keenly awaiting key U.S. jobs report to gauge the U.S. Federal Reserve's rate hike stance.

Spot gold rose 0.3% to $1,838.38 per ounce, as of 0238 GMT. Prices up about 0.8% for the week so far.

U.S. gold futures gained 0.2% to $1,843.80.

The market's focus shifts to the U.S. Labor Department's closely watched nonfarm payrolls (NFP) data due at 1330 GMT.