Gold Holds Near $4,500 as Markets Await U.S. Employment Data

Image for article Gold Holds Near $4,500 as Markets Await U.S. Employment Data
News Source : Advfn.com

News Summary

  • Gold prices remained close to $4,500 an ounce on Friday after rising almost 2% in the previous session.
  • A weaker u.s. dollar and comments from Federal Reserve Governor Christopher Waller contributed to market expectations that rates could remain unchanged if inflation continues to moderate.
  • At 21:18 ET (01:18 GMT), XAU/USD was up 0.3% at $ 4,484.27 an ounce.
  • Gold’s latest recovery followed a decline earlier in the week that took the metal to its lowest level in almost four weeks.
Gold prices remained close to $4,500 an ounce on Friday after rising almost 2% in the previous session, as investors awaited U.S.

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