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Gold prices rose modestly in Asian trading on Friday, buoyed by a slight pullback in the U.S. dollar ahead of key labor market data, although the metal remained on track for a weekly loss amid signs of easing trade tensions between the U.S. and China.<\/p>\n\n\n\n
As of 01:53 ET (06:53 GMT), Spot Gold climbed 0.5% to $3,255.95 per ounce<\/strong>, while June Gold Futures gained 1.2% to $3,232.24<\/strong>.<\/p>\n\n\n\n The U.S. Dollar Index slipped 0.2%<\/strong>, helping make gold more attractive to foreign buyers. Investors are now focused on the U.S. non-farm payrolls (NFP) report<\/strong>, due later today, which is expected to shape the outlook for Federal Reserve interest rate policy<\/strong>.<\/p>\n\n\n\n Gold had come under pressure earlier in the week after data showed the U.S. economy contracted<\/strong> in the first quarter, followed by a string of signs that global trade tensions may be easing.<\/p>\n\n\n\n Gold is set to post a 2% weekly decline<\/strong>, its steepest in over a month, as appetite for safe-haven assets declined following:<\/p>\n\n\n\n These developments sapped momentum from bullion, which had hit record highs earlier in April on the back of economic and geopolitical uncertainty.<\/p>\n\n\n\n Silver Futures surged 1.4% to $32.625 an ounce<\/strong>, while Platinum rose 0.9% to $982.35 an ounce<\/strong>, tracking gold\u2019s gains.<\/p>\n\n\n\n Copper prices also jumped<\/strong> as optimism grew over trade dialogue between the world\u2019s two largest economies, which could benefit Chinese manufacturing and infrastructure demand:<\/p>\n\n\n\n While gold rebounded on Friday amid a softer dollar and cautious sentiment ahead of U.S. jobs data, it remains under pressure as optimism over U.S.-China trade talks reduces demand for haven assets. The payrolls report will be key in shaping gold\u2019s short-term path, especially regarding the Fed\u2019s next move.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices rose modestly in Asian trading on Friday, buoyed by a slight pullback in the U.S. dollar ahead of key labor market data, although the metal remained on track for a weekly loss amid signs of easing trade tensions between the U.S. and China. As of 01:53 ET (06:53 GMT), Spot Gold climbed 0.5% …<\/p>\n","protected":false},"author":9,"featured_media":104608,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-114245","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=114245"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114245\/revisions"}],"predecessor-version":[{"id":114246,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114245\/revisions\/114246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/104608"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=114245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=114245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=114245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Weaker Dollar Supports Gold Before Payrolls Data<\/h3>\n\n\n\n
Weekly Decline Despite Friday Rebound<\/h3>\n\n\n\n
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Broader Metals Rally on Trade Talk Hopes<\/h3>\n\n\n\n
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