Gold steady ahead of US job data

Gold prices held firm on Friday, despite a rise in the dollar index as investors are waiting for the monthly non-agricultural data later today.

 

Gold for February delivery was unchanged at $2,045.90 per ounce at 10:19 am KSA Time.

 

Spot gold was flat at $2,030.16 per ounce. Silver futures for March added 0.25% to $24.12. Spot platinum prices gained 0.71% to $916.31 per ounce.

 

Gold remains well-supported above $2,006 per ounce level, but a stronger-than-expected payrolls data could put this support level in jeopardy, Reuters reported, citing Kelvin Wong, senior market analyst for Asia Pacific at OANDA.

 

On the other hand, weekly jobless claims increase 1,000 to 220,000, according to a recent report from the Labor Department.

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Commodity Price

 
Gold
2,620.77
(0.82) (0.03%)
Silver
29.57
0.09 0.29%
PLATINUM
934.20
5.90 0.63%
PALLADIUM
922.00
12.50 1.37%

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