Gold Steady as Markets Eye U.S. Jobs Data, Index Adjustments Weigh

cedarnews.net

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This article was originally published on Cedarnews.net. For more exclusive news and reports, visit our website. Gold prices fell sharply on Friday, pressured by a stronger US dollar and adjustments to the commodities index, as investors awaited US non-farm payroll data. Spot gold fell 0.4% to $4,458.10 an ounce, after hitting a record high of $4,549.71 on December 26. Futures contracts rose… This news was published on the Cedarnews website. For …

aletihad.ae

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Gold prices fell on Friday, pressured by adjustments to a commodity index and anticipation of US jobs data, as well as a stronger dollar, which added to the near-term downward pressure on prices. Spot gold fell 0.4% to $4,458.10 per ounce by 01:26 GMT. The precious metal had hit a record high of $4,549.71 on December 26. US gold futures for February delivery rose 0.2% to $4,467.60. Among other precious metals, spot silver fell 1.5% to $75.71 per…

El Economista

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Gold in cash rose 0.47% to $4,477.42 an ounce, after a minimum session of $4,406.89 previously.The futures of American gold fell marginally 0.57% to $4,487.90.The annual rebalancing of the Bloomberg commodity index, which is a periodic adjustment of the commodity weights to keep the index aligned with market conditions, begins this week."During the next sessions, gold and silver will be under pressure while the commodity index is readjusted," sa…