• +1 (312) 549-9986

Gold $3,442.07 $(5.02) -0.15% Silver $36.31 $(0.05) -0.13% Platinum $1,234.04 $8.87 0.72% Palladium $1,037.84 $19.01 1.87%

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