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Gold Eases on Firm Dollar, But Holds Tight Range Ahead of US Data


Friday, 3 April 2020 17:39 WIB

GOLDEMAS


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Gold prices were subdued on Friday as the dollar strengthened, but they were stuck in a narrow range ahead of U.S. nonfarm payrolls data that could provide further clarity on the economic damage from the coronavirus.

Spot gold was down 0.1% at $1,610.46 per ounce by 0923 GMT. The metal has declined nearly 0.5% so far this week after an 8% jump in the previous week.

U.S. gold futures dropped 0.6% to $1,627.90 per ounce.

Safe-haven gains for the U.S. dollar limited gold’s advance, with the dollar index edging towards a 2% weekly rise as global recession fears intensify.

Source : Reuters


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