NFP NEWS Trade Safer play after release of the data!
Silver set for best week since May 17
U.S. nonfarm payrolls report due at 1230 GMT
Palladium on track for third straight weekly gain
Gold prices were poised for a second straight weekly rise on Friday helped by a softer U.S. dollar, while investors braced for the nonfarm payrolls data, which could provide further cues on the Federal Reserve's rate cut timeline.
Spot gold
GOLD
rose 0.4% to $2,364.87 per ounce, as of 0941 GMT, after hitting a two-week high at $2,367.99. Bullion was up more than 1% for the week so far.
U.S. gold futures
GOLD
gained 0.2% to $2,372.90.
U.S. nonfarm payrolls report due at 1230 GMT
Palladium on track for third straight weekly gain
Gold prices were poised for a second straight weekly rise on Friday helped by a softer U.S. dollar, while investors braced for the nonfarm payrolls data, which could provide further cues on the Federal Reserve's rate cut timeline.
Spot gold
GOLD
rose 0.4% to $2,364.87 per ounce, as of 0941 GMT, after hitting a two-week high at $2,367.99. Bullion was up more than 1% for the week so far.
U.S. gold futures
GOLD
gained 0.2% to $2,372.90.
Penafian
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