Gold posts strongest weekly gain since January as oil prices fall
Gold prices steady, heading for their biggest weekly rise since January, supported by lower oil prices and ahead of key US jobs data.
Key Takeaways
AIGold prices held steady on Friday, on track for their largest weekly gain since January, supported by a drop in oil prices as investors awaited US non-farm payrolls data for clues on interest rate trends.
Spot gold was unchanged at $4,235.57 per ounce, marking a weekly gain of 4.8%.
US gold futures slipped 0.1% to $4,293.80 per ounce.
Other precious metals decline
Elsewhere, spot silver fell 0.4% to $61.26 per ounce, platinum dropped 0.5% to $1,720.75, and palladium slipped 0.5% to $1,363.50 per ounce.