Gold prices edged lower on Friday as the dollar gained before the release of U.S. jobs data, which could offer guidance on the U.S. Federal Reserve’s upcoming interest rate decisions.
Spot gold was down 0.1% at $1,414.15 per ounce. U.S. gold futures slipped 0.3% to $1,416.70 an ounce.
The dollar index against a basket of six major currencies gained 0.2%, making gold expensive for holders of other currencies.
Despite a slight decline on Friday, the metal has risen 0.3% so far this week, which could be its seventh straight week of gains.
Source : Reuters