Gold price today: Precious metal slips ahead of US Jobs data; MCX closed for Gandhi Jayanti
Gold prices fell 0.6% to $4,154.78 an ounce, heading for a second weekly decline as a stronger US dollar and elevated Treasury yields pressured bullion. Traders await US jobs data for Fed-rate clues. With MCX closed for Gandhi Jayanti, international markets, Middle East tensions and weekend developments could drive Monday’s domestic opening.
Key Takeaways
- Gold prices fell 0.6% to $4,154.78 an ounce, heading for a second weekly decline as a stronger US dollar and elevated Treasury yields pressured bullion.
- Traders await US jobs data for Fed-rate clues.
- With MCX closed for Gandhi Jayanti, international markets, Middle East tensions and weekend developments could drive Monday’s domestic opening.
Gold prices fell 0.6% to $4,154.78 an ounce, heading for a second weekly decline as a stronger US dollar and elevated Treasury yields pressured bullion. Traders await US jobs data for Fed-rate clues. With MCX closed for Gandhi Jayanti, international markets, Middle East tensions and weekend developments could drive Monday’s domestic opening.
Original Publisher Attribution
This summary was curated from Economic Times.